Use the following data to calculate the current ratio. Cash Wildhorse Co. Balance Sheet December 31, 2022 $199000 Accounts payable 158150 Salaries and wages payable 161000 Mortgage payable 90700 Total liabilities $197000 28500 241500 $467000 Accounts receivable Inventory Prepaid insurance Stock investments (long-term) Land Buildings Less: Accumulated depreciation Trademarks 253000 293000 $313000 (56000) 257000 Common stock $424850 Retained earnings 725000 Total stockholders' equity $1149850 Total liabilities and stockholders' equity $1616850 205000 $1616850 Total assets O 1.58:1 03.09:1 2.30:1 O 2.70:1