Use the following data to calculate the current ratio. Sheffield Corp. Balance Sheet December 31, 2022 Cash and cash equivalents $67000 Accounts payable $128000 Accounts receivable 96500 12900 Salaries and wages payable Bonds payable Total liabilities 176000 $316900 Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation 137000 77500 190000 189000 $227000 Common stock $243100 (68500) 158500 Retained earnings 489000 Trademarks 133500 $732100 Total stockholders' equity Total liabilities and stockholders equity Total assets $1049000 $1049000 O 1.75:1 O 3.08:1 O 2.68:1 O 2.15:1