The financial statements for Barrington Service Company include the following items: 2019 2018 Cash $43,500 $47,000 Shortminusterm Investments 31,000 16,000 Net Accounts Receivable 62,000 56,000 Merchandise Inventory 165,000 51,000 Total Assets 525,000 544,000 Accounts Payable 126,500 130,000 Salaries Payable 24,000 16,000 Longminusterm Note Payable 61,000 51,000 Compute the current ratio for 2018.
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