The financial statements for Stephens' electric company include the following items

2019 2018 Cash $52,000 $52,000 Cash Equivalents 18,500 15,000 Net Accounts Receivable 22,000 29,000 Merchandise Inventory 84,000 68,000 Total Assets 533.000 550,000 Accounts Payable 40,500 37,000 Salaries Payable 16,000 13,000 Long-term Note Payable 63,000 52,000 Income From Operations 130,500 112,000 Interest Expense 30,000 31,000 Compute the 2018 cash ratio. (Round your answer to two decimal places.) O A. 1.34 B. 0.66 C. 1.25 D. 1.81