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The financial statements for Barrington Service Company include the following items: < Cash 2025 $48,500 2024 $41,000 Short-term Investments 33,000 17,000 Net Accounts Receivable
The financial statements for Barrington Service Company include the following items: < Cash 2025 $48,500 2024 $41,000 Short-term Investments 33,000 17,000 Net Accounts Receivable 61,000 53,000 Merchandise Inventory 164,000 42,000 Total Assets 532,000 544,000 Accounts Payable 126,500 125,000 Salaries Payable 19,000 13,000 Long-term Note Payable 64,000 51,000 Compute the current ratio for 2024. (Round answer to two decimal places.) OA. 1.11 B. 0.9 OC. 3.94 OD. 7.06
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