The financial statements of Trenton Office Supply include the following items:
Year 2026 Year 2025
Cash
$43,500 $50,000
Short-term Investments
27,000
19,000
Net Accounts Receivable
102,000
105,000
Merchandise Inventory
135,000
126,000
Total Assets
532,000 552,000
Total Current Liabilities
250,000
235,000
Long-term Note Payable
58,000
50,000
What is the 2026 current ratio (round final answer to two decimal places)?
Ο Α. 0.81
B. 0.58
C. 1.73
OD. 1.23