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Use the following data to calculate the current ratio. Swifty Corporation Balance Sheet December 31, 2022 $187000 Accounts payable 144000 Salaries and wages payable 154000
Use the following data to calculate the current ratio. Swifty Corporation Balance Sheet December 31, 2022 $187000 Accounts payable 144000 Salaries and wages payable 154000 Mortgage payable 90000 Total liabilities 260000 296000 $316000 Common stock Cash Accounts receivable Inventory Prepaid insurance Stock investments (long-term) Land Buildings Less: Accumulated depreciation $201000 28000 236000 $465000 $395000 (61000) 255000 Retained earnings 744000 Goodwill 218000 $1139000 Total stockholders equity Total liabilities and stockholders' equity Total assets $1604000 $1604000 Total assets $1604000 equity Total liabilities and stockholders' equity O 2.14:1 O 2.87:1 1.45:1 2.51:1 Save Late Atte
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