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The financial statements for Barrington Service Company include the following items: Cash 2025 $52,500 2024 $47,000 Short-term Investments 24,000 13,000 Net Accounts Receivable 61,000 55,000
The financial statements for Barrington Service Company include the following items: Cash 2025 $52,500 2024 $47,000 Short-term Investments 24,000 13,000 Net Accounts Receivable 61,000 55,000 Merchandise Inventory 157,000 43,000 Total Assets 529,000 550,000 Accounts Payable 125,500 129,000 Salaries Payable 24,000 22,000 Long-term Note Payable 62,000 57,000 Compute the current ratio for 2024. (Round answer to two decimal places.) OA. 1.05 OB. 3.64 OC. 0.96 OD. 5.45
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