Use the following data to calculate the current ratio. Marigold Corp. Balance Sheet December 31, 2022 Cash $126500 Accounts payable $175000 Salaries and wages Accounts receivable 123700 29500 payable Inventory 211300 Note payable (due 2025) 272800 Short-term investments 91400 Total liabilities $477300 Land (held for future 259500 use) Land 287000 Buildings $339000 Common stock $361500 Less: Accumulated (58000) 281000 depreciation Retained earnings 742800 Total stockholders Franchise 201200 $1104300 equity Total liabilities and Total assets $1581600 stockholders $1581600 equity O 2.70:1 3.21:1 O 1.16:1 O 2.24:1