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2019 2018 Cash $45,500 $44,000 Short-term Investments 29,000 11,000 Net Accounts Receivable 60,000 53,000 Merchandise Inventory 162,000 49.000 Total Assets 529,000 554,000 Accounts Payable 134,500

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2019 2018 Cash $45,500 $44,000 Short-term Investments 29,000 11,000 Net Accounts Receivable 60,000 53,000 Merchandise Inventory 162,000 49.000 Total Assets 529,000 554,000 Accounts Payable 134,500 128,000 Salaries Payable 23,000 20.000 Long-term Note Payable 57 000 50,000 Compute the current ratio for 2018. (Round answer to two decimal places.) OA. 6.16 O B. 3.74 OC. 0.94 OD. 1.06

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