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Current Attempt in Progress Use the following data to calculate the current ratio. Cash Accounts receivable Inventory Prepaid insurance Stock investments (long-term) Land Buildings $338500 Less: Accumulated depreciation (61200) Trademarks Total assets 01.01:1 2.50:1 O281:1 2.04:1 Save for Later Vaughn Manufacturing Balance Sheet December 31, 2022 $128000 Accounts payable 72800 Salaries and wages payable 205500 Mortgage payable 91200 Total liabilities 260000 287500 Common stock 277300 Retained earnings 211300 Total stockholders' equity $1533600 $1731 260 269: $468: $3641 701. $1065. Total liabilities and stockholders' equity $1533 ent ratio. aughn Manufacturing Balance Sheet December 31, 2022 $128000 Accounts payable $173000 72800 Salaries and wages payable 26000 205500 Mortgage payable 269200 91200 Total liabilities $468200 260000 287500 Common stock $364000 277300 Retained earnings 701400 211300 Total stockholders' equity $1065400 $1533600 Total liabilities and stockholders' equity $1533600