The financial statements for barrington service company include the following items: 2019 2018 cash $49,500 $50,000 shortminusterm investments 29,000 19,000 net accounts receivable 60,000 46,000 merchandise inventory 156,000 48,000 total assets 532,000 544,000 accounts payable 133,500 127,000 salaries payable 20,000 15,000 long-term note payable 59,000 54,000 compute the current ratio for 2018. (round answer to two decimal places.