The financial statements of Clearwater Furniture Company include the following items:

2017 2016

Cash $54,500 $48,000

Short-term Investments $26,000 $10,000

Net Accounts Receivable $97,000 $106,000

Merchandise Inventory $156,000 $145,000

Total Assets $525,000 $546,000

Total Current Liabilities $230,000 $213,000

Long-term Note Payable $60,000 $55,000

What is 2017 cash ratio? (Round your answer to two decimal places)

A. 0.19

B. 0.10

C. 0.35

D. 0.24