Use the following data to calculate the current ratio. Tamarisk, Inc. Balance Sheet December 31, 2022 $69500 90000 Accounts payable Salaries and wages payable Bonds payable Total liabilities $134500 16200 162000 $312700 Cash and cash equivalents Accounts receivable Inventory Prepaid insurance Stock Investments Land Buildings Less: Accumulated depreciation Trademarks Total assets 148500 89500 193000 199000 $258800 $227000 (52000) 175000 517500 124500 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $776300 $1089000 $1089000 2.11 : 1 3.04 : 1 Level 1.71:1 2.64:1