Use the following data to calculate the current ratio. Cash Marigold Corp. Balance Sheet December 31, 2017 $65500 Accounts payable 100000 Salaries and wages payable 138000 Mortgage payable 90000 Total liabilities $140000 Accounts receivable 14500 160000 $314500 175000 Inventory Prepaid insurance Stock Investments (long- term) Land Buildings Less: Accumulated depreciation 191500 $228000 Common stock $229000 (70500) 157500 Retained earnings 500500 Trademarks 126500 $729500 Total stockholders equity Total liabilities and stockholders' equity Total assets $1044000 $1044000 2.55 21