The financial statements for Silver Service Company include the following items: 2019 2018 Cash $50,500 $49,000 Short-term Investments 26,000 15,500 Net Accounts Receivable 52,000 54,000 Merchandise Inventory 126,000 47,000 Total Assets 527,000 547,000 Accounts Payable 129,500 123,000 Salaries Payable 25,000 14,000 Long-term Note Payable 59,000 51,000 Compute the acid - test ratio for 2018. (Round your answer to two decimal places) C O A. 0.86 OB. 0.75 ra bir OC. 0.96 OD. 0.83 Question Help The financial statements of Trenton Office Supply include the following items: 2019 2018 Cash $51,500 $40,000 Short-term Investments 25,000 15,000 Net Accounts Receivable 94,000 106,000 Merchandise Inventory 130,000 120,000 Total Assets 534,000 551,000 Total Current Liabilities 254,000 242,000 Long-term Note Payable 55,000 51,000 What is the 2019 current ratio? (Rpund your answer to two decimal places.) O A. 0.56 B. 0.85 O c. 1.18 OD. 1.73 A corporation has 4,000 shares, 10% preferred stock of $65.00 par preferred stock, and 8,000 shares of common stock outstanding. The net income for the year is $270,000. Calculate earnings per share. (Round your answer to the nearest cent.) A. $30.50 OB. $33.75 OC. $67.50 OD. $65.00