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.)