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The financial statements of Island Furniture Company include the following items: 2019 2018 Cash $52,500 $42,000 Short-term Investments 28,000 19,500 Net Accounts Receivable 94,000 100,000

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The financial statements of Island Furniture Company include the following items: 2019 2018 Cash $52,500 $42,000 Short-term Investments 28,000 19,500 Net Accounts Receivable 94,000 100,000 Merchandise Inventory 161,000 149,000 Total Assets 535,000 549,000 Total Current Liabilities 304,000 291,000 Long-term Note Payable 59,000 59,000 What is the 2019 acid - test ratio? (Round your answer to two decimal places.) O A. 1.1 OB. 1.74 OC. 0.26 OD. 0.57 -40 PM 0/2020 Click to select your

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