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The financial statements for Barrington Service Company include the following items: 2025 Cash $48,500 2024 $41,000 Short-term Investments 25,000 19,000 Net Accounts Receivable 61,000
The financial statements for Barrington Service Company include the following items: 2025 Cash $48,500 2024 $41,000 Short-term Investments 25,000 19,000 Net Accounts Receivable 61,000 46,000 Merchandise Inventory 163,000 45,000 Total Assets 531,000 546,000 Accounts Payable 125,500 125,000 Salaries Payable 21,000 16,000 Long-term Note Payable 54,000 51,000 Compute the current ratio for 2024. (Round answer to two decimal places.) OA. 0.93 OB. 3.87 OC. 1.07 OD. 6.58
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