At year$-$end, Schwartz, Inc. has cash of $$12,000,$ current accounts receivable of $$60,000,$ merchandise inventory of $$37,200,$ and prepaid expenses totaling $$5,500.$ Liabilities of $$24,000$ must be paid next year. What is Schwartz's acid$-$test ratio? $($Round your answer to two decimal places.$)$

A$.4\mathrm{.}55$

B$.3\mathrm{.}00$

C$.0\mathrm{.}50$

D$.$ Cannot be determined from the data given