Reference no: EM132329124
Question
The financial statements for Barrington Service Company include the following? items:
2019 2018
Cash $46,500 $41,000
Shortminus-term Investments 31,000 11,000
Net Accounts Receivable 55,000 53,000
Merchandise Inventory 159,000 42,000
Total Assets 535,000 545,000
Accounts Payable 133,500 129,000
Salaries Payable 18,000 14,000
Longminus-term Note Payable 60,000 52,000
Compute the current ratio for 2018.? (Round answer to two decimal? places.)