Use the following data to calculate the current ratio. Cash Accounts receivable Inventory Prepaid insurance Long-term debt investments Land Buildings Less: Accumulated Goodwill Total assets $ 195,000 150,000 165,000 90,000 255,000 270,000 depreciation (60,000) 255,000 210,000 $ 1,590,000 2.13: 1 1.44:1 2.86: 1 2.50: 1 $315,000 Accounts payable Salaries and wages payable Mortgage payable Total liabilities Koonce Office Supplies Balance Sheet December 31, 2022 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 210,000 30,000 240,000 $ 480,000 $360,000 750,000 1,110,000 $1,590,000

Use the following data to calculate the current ratio. Koonce Office Supplies Balance Sheet December 31, 2022