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The financial statements for Barrington Service Company include the following items: 2025 2024 Cash $44,500 $49,000 Short-term Investments 28,000 16,000 Net Accounts Receivable 57,000
The financial statements for Barrington Service Company include the following items: 2025 2024 Cash $44,500 $49,000 Short-term Investments 28,000 16,000 Net Accounts Receivable 57,000 51,000 Merchandise Inventory 166,000 46,000 Total Assets 530,000 549,000 Accounts Payable 129,500 129,000 Salaries Payable 24,000 12,000 Long-term Note Payable 62,000 56,000 Compute the current ratio for 2024. (Round answer to two decimal places.) A. 1.15 B. 3.89 OC. 0.87 D. 6.86
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