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The financial statements for Barrington Service Company include the following items: 2019 2018 Cash $44,500 $47,000 Short-term Investments 24,000 16,000 Net Accounts Receivable 62,000 50,000
The financial statements for Barrington Service Company include the following items: 2019 2018 Cash $44,500 $47,000 Short-term Investments 24,000 16,000 Net Accounts Receivable 62,000 50,000 Merchandise Inventory 165,000 43,000 Total Assets 531,000 545,000 Accounts Payable 131,500 131,000 Salaries Payable 15,000 19,000 Long-term Note Payable 55,000 53,000 Compute the current ratio for 2018. (Round answer to two decimal places.) A. 5.99 B. 3.63 OC. 0.96 D. 1.04
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