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The financial statements for Barrington Service Company include the following items: 2025 2024 Cash $44,500 $44,000 Short-term Investments 33,000 20,000 Net Accounts Receivable 52,000 56,000
The financial statements for Barrington Service Company include the following items: 2025 2024 Cash $44,500 $44,000 Short-term Investments 33,000 20,000 Net Accounts Receivable 52,000 56,000 Merchandise Inventory 164,000 49,000 Total Assets 535,000 554,000 Accounts Payable 126,500 128,000 Salaries Payable 24,000 17,000 Long-term Note Payable 61,000 50,000 Compute the current ratio for 2024. (Round answer to two decimal places.) OA. 0.86 OB. 6.60 OC. 3.82 OD. 1.17 13
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