question 11

The financial statements for Banana Company include the following items: 20X9 20X8 $44,500 32,000 59,000 158,000 Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Total Assets Accounts Payable Salaries Payable Long-term Note Payable $41,000 16,000 53,000 43,000 552,000 128,000 12,000 58,000 534,000 133,500 17,000 55,000 Compute the current ratio for 20X8. 0.92 1.09 3.94 O 6.73