The financial statements for Stephens' Electric Company include the following items: 2019 2018 Cash $61,000 $57,000 Cash Equivalents 21,500 10,000 Net Accounts Receivable 27,000 26,000 Merchandise Inventory 78,000 68,000 Total Accote 531 nnn 519.onn O A. 0.62 B. 1.18 O c. 1.32 OD. 1.72 Total Assets Accounts Payable Salaries Payable Long-term Note Payable Income From Operations Interest Expense 534,000 42,500 20,000 61,000 125,500 28,000 549,000 39,000 18,000 51,000 120,000 26,000 Compute the 2018 cash ratio. (Round your answer to two decimal places.) O A. 0.62 OB. 1.18 O C. 1.32 D. 1.72