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Use the following data to calculate the current ratio. Marigold Corp. Balance Sheet December 31, 2022 $189000 Accounts payable 152000 Salaries and wages payable 167000
Use the following data to calculate the current ratio. Marigold Corp. Balance Sheet December 31, 2022 $189000 Accounts payable 152000 Salaries and wages payable 167000 Mortgage payable 85800 Total liabilities 264000 259000 $314000 Common stock Cash Accounts receivable Inventory Prepaid insurance Stock investments (long-term) Land Buildings Less: Accumulated depreciation $207000 30000 247500 $484500 $372300 (56000) 258000 726000 Goodwill 208000 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $1098300 Total assets $1582800 $1582800 O 2.87:1 O 2.14:1 O 1.45:1 O 2.51:1
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