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The financial statements for Barrington Service Company include the following items: 2025 2024 Cash $43,500 $41,000 Short-term Investments 30,000 19,000 Net Accounts Receivable 58,000 50,000
The financial statements for Barrington Service Company include the following items: 2025 2024 Cash $43,500 $41,000 Short-term Investments 30,000 19,000 Net Accounts Receivable 58,000 50,000 Merchandise Inventory 159,000 47,000 Total Assets 531,000 550,000 Accounts Payable 126,500 122,000 Salaries Payable 23,000 18,000 Long-term Note Payable 62,000 57,000 Compute the current ratio for 2024. (Round answer to two decimal places.) A. 1.12 OB. 3.93 O C. 5.91 OD. 0.89
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