Use the following data to calculate the current ratio. Cash and cash equivalents Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation Trademarks Total assets $217000 (65000) Blossom Company Balance Sheet December 31, 2022 $75000 90500 148500 86000 177500 197500 152000 135500 $1062500 Accounts payable Salaries and wages payable Bonds payable Total liabilities Common stock Retained earnings Total stockholders equity Total liabilities and stockholders equity $142000 17900 178000 $337900 $222100 502500 $724600 $1062500

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