The Financial Statements for Barrington Service Company Include the Following

The financial statements for Barrington Service Company include the following items: $$\begin{array} { l r r } & 2019 & 2018 \\\text { Cash } & \$ 43,500 & \$ 47,000 \\\text { Short-term Investments } & 31,000 & 16,000 \\\text { Net Accounts Receivable } & 62,000 & 56,000 \\\text { Merchandise Inventory } & 165,000 & 51,000 \\\text { Total Assets } & 525,000 & 544,000 \\\text { Accounts Payable } & 126,500 & 130,000 \\\text { Salaries Payable } & 24,000 & 16,000 \\\text { Long-term Note Payable } & 61,000 & 51,000\end{array}$$ Compute the current ratio for 2018. (Round answer to two decimal places.)

A) 1.16
B) 0.86
C) 3.73
D) 6.55