Please help me The financial statements for Barrington Service Company include the following items:20252024Cash$50,500$42,000Short-term Investments27,00016,000Net Accounts Receivable56,00051,000156,00043,000Merchandise InventoryTotal Assets525,000549,000Accounts Payable128,500125,000Salaries Payable16,00015,000Long-term Note Payable63,00055,000Compute the current ratio for 2024. (Round answer to two decimal places.)

The current ratio acts as a financial fact used to assess a company's ability to satisfy its…

The financial statements for Barrington Service Company include the following items: 2025 2024 Cash $42,000 Short-term Investments 16,000 Net Accounts Receivable 51,000 43,000 Merchandise Inventory Total Assets 549,000 Accounts Payable 125,000 Salaries Payable 15,000 Long-term Note Payable 55,000 Compute the current ratio for 2024. (Round answer to two decimal places.) $50,500 27,000 56,000 156,000 525,000 128,500 16,000 63,000