At year-end, Simple, Inc. has cash of $22,000, current accounts receivable of $80,000, merchandise inventory of $24,000, and prepaid expenses totaling $4,700. Liabilities of $64,000 must be paid next year. What is Simple's acid-test ratio? (Round your answer to two decimal places.) O A. 0.34 B. 1.59 O C. 1.97 O D. Cannot be determined from the data given