Use the following data to calculate the current ratio. Concord Corporation Balance Sheet December 31, 2017 Cash Accounts receivable $128300 120000 213900 $156000 34500 Accounts payable Salaries and wages payable Mortgage payable Total liabilities Inventory 273400 Prepaid insurance 89000 $463900 Stock Investments (long-term) 251000 Land Buildings 289500 $338000 (64800) 273200 Less: Accumulated depreciation Trademarks 213300 Common stock $363000 Retained earnings 751300 Total stockholders' equity $1114300 Total liabilities and $1578200 stockholders' equity Total assets $1578200 o 2.43: 1 O 3.40: 1 2.89: 1 1.35:1