CALCULATOR PRINTER VERSION 4 BACK NEXT Multiple Choice Question 79 Use the following data to calculate the current ratio. Pina Colada Corp Balance Sheet December 31, 2022 $194000 150000 153000 87800 260000 271000 Accounts payable Salaries and wages payable Mortgage payable Total liabilities $199000 26500 228000 $453500 Cash Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation Goodwill Total assets $312000 (60500) 251500 204000 $1571300 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $384300 733500 $1117800 $1571300 2.95 : 1 O 2.59:1 O 2.22:1 O 1.53 : 1 Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER G