Question 89 The financial statements for Stephens Electric Company include the following items Points out of 100 Remove Flag 2019 2018 Cash $59,000 $56,000 Cash Equivalents 21,500 18.000 Net Accounts Receivable 25,000 36.000 Merchandise Inventory 78,000 68,000 Total Assets 526,000 549.000 Accounts Payable 41.500 42,000 Salaries Payable 17,000 17.000 Long-term Note Payable 56,000 52,000 Income From Operations 134,500 112.000 Interest Expense 35,000 26.000 Compute the 2018 cash ratio (Round your answer to two decimal places) Select one: O A. 138 3.1.76 C. 1.25 D. 0.67