Business, 15.10.2020 08:01, whohelpme

Use the following data to calculate the current ratio. Kingbird, Inc. Balance Sheet December 31, 2022

Cash and cash equivalents $68000 Accounts payable $135500
Accounts receivable 103500 Salaries and wages payable 12300
Inventory 144500 Bonds payable 166000
Prepaid insurance 90000 Total liabilities $313800
Stock investments 181500
Land 195000
Buildings $225000 Common stock $239200
Less: Accumulated depreciation (64000) 161000 Retained earnings 502500
Trademarks 112000 Total stockholders' equity $741700
Total assets $1055500 Total liabilities and stockholders' equity $1055500

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Use the following data to calculate the current ratio. Kingbird, Inc. Balance Sheet December 31, 20...