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The financial statements for Barrington Service Company include the following items: 2025 2024 Cash $48,500 $40,000 Short-term Investments 24,000 16,000 Net Accounts Receivable 54,000 55,000
The financial statements for Barrington Service Company include the following items: 2025 2024 Cash $48,500 $40,000 Short-term Investments 24,000 16,000 Net Accounts Receivable 54,000 55,000 Merchandise Inventory 166,000 43,000 Total Assets 532,000 549,000 Accounts Payable 134,500 122,000 Salaries Payable 24,000 15,000 Long-term Note Payable 59,000 50,000 Compute the current ratio for 2024. (Round answer to two decimal places.) OO OA. 4.01 B. 0.89 C. 1.12 +
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