Use the following data to calculate the current ratio. Cash Oriole Company Balance Sheet December 31, 2022 $126900 Accounts payable Salaries and wages 124700 payable Note payable (due 205300 $171500 Accounts receivable 28500 Inventory 2025) 265000 86600 Total liabilities $465000 Short-term Investments Land (held for future use) 259000 Land 284000 $339000 Common stock $361500 Buildings Less: Accumulated depreciation (58600) 280400 747300 Franchise 206900 $1108800 Retained earnings Total stockholders equity Total liabilities and stockholders equity Total assets $1573800 $1573800 1.18:1 2.72:1 3.23:1 2.26:1