The financial statements for Myers Service Company include the following items: 2017 2016 Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Total Assets Accounts Payable Salaries Payable Long-term Note Payable $51,500 27,000 55,000 131,000 528,000 129,500 23,000 60,000 $49,000 13,500 52,000 47,000 553,000 124.000 19,000 60,000 Compute the acid-test ratio for 2016. (Round your answer to two decimal places) 0.92 0.88 0.80 0.71