The financial statements of Island Furniture Company include the following items: 2019 2018 Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Total Assets Total Current Liabilities Long-term Note Payable $49,500 33,000 102,000 157.000 527,000 309,000 59.000 $40,000 13,500. 104,000 145,000 549,000 288,000 52,000 What is the 2019 acid-test ratio? (Round your answer to two decimal places.) O 0.60 01.11 O 1.67 O 0.27