The financial statements of Trenton Office Supply include the following items: 2019 2018 Cash 43,50050,00 Short-term Investments 27,000 17,000 Net Accounts Receivable 102,000 97,000 Merchandise Inventory 125,000 119,000 Total Assets 527,000 554,000 Total Current Liabilities 251,000 242,000 Long-term Note Payable 59,000 51,000 What is the 2019 current ratio? (Round your answer to two decimal places.)
1) 0.84
2) 0.56
3) 1.19
4) 1.70
