13) The financial statements of Clear water Furniture Company include the following items: 2017 2016 Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Total Assets Total Current Liabilities Long-term Note Payable $54,500 26,000 97,000 156,000 525,000 230,000 $48,000 10,000 106,000 145,000 546,000 213,000 55,000 60,000 What is 2017 cash ratio? (Round your answer to two decimal places) A) 0.19 B) 0.10 C) 0.35 D) 0.24