2017 2016 Cash Short - term Investments Net Accounts Receivable Merchandise Inventory Total Assets Accounts Payable Salaries Payable Long-term Note Payable $52,500 33,000 52,000 160,000 534,000 129,500 25,000 58,000 $49,000 20,000 51,000 46,000 553,000 126,000 14,000 55,000 Compute the current ratio for 2016. (Round answer to two decimal places.) OA. 6.66 B. 3.95 O C. 1.19 D. 0.84