The financial statements for Lexington Service Company include the following items: 2017 2016 Cash Short-term Inve stments Net Accounts Receivable Merchandise Inventory Total Assets Accounts Payable Salaries Paya Long-term Note Payable $52,500 33,000 52000 160,000 534,000 129,500 25,000 58,000 $49,000 20,000 51,000 46,000 553,000 126,000 14,000 55,000 ble Compute the current ratio for 2016. (Round answer to two decimal places.) O 3.95 O 1.19 O 6.66 O 0.84