Compute the current ration for 20X8.

The financial statements for Banana Company include the following items: 20X9 20X8 Cash $42,000 14,000 Short-term Investments Net Accounts Receivable 50,000 Merchandise Inventory $52,500 31,000 61,000 163,000 529,000 124,500 21,000 56,000 Total Assets 44,000 551,000 128,000 17,000 Accounts Payable Salaries Payable Long-term Note Payable 60,000 Compute the current ratio for 20X8. O 3.80 01.03 5.86 O 0.97