The financial statements of Denison Furniture Company include the following items: 2019 2018 Cash $62,500 $51,000 Short-term Investments 32,000 15,000 Net Accounts Receivable 94,000 106,000 Merchandise Inventory 157,000 146,000 Total Assets 529.000 554,000 Total Current Liabilities 226,000 220,000 Long-term Note Payable 60,000 53,000 What is the 2019 cash ratio? (Round your answer to two decimal places) O A 0.12 OB. 022 OC. 0.42 OD. 0.28