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The financial statements of Island Furniture Company include the following items: 2019 2018 Cash $43,500 $49,000 Short-term Investments 31,000 16,500 Net Accounts Receivable 92,000 97,000

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The financial statements of Island Furniture Company include the following items: 2019 2018 Cash $43,500 $49,000 Short-term Investments 31,000 16,500 Net Accounts Receivable 92,000 97,000 Merchandise Inventory 163,000 149,000 Total Assets 529,000 544,000 Total Current Liabilities 302,000 293,000 Long-term Note Payable 55,000 55,000 What is the 2019 acid - test ratio? (Round your answer to two decimal places.) OA 0.55 B. 0.25 Oo C 1.09 D. 1.81 Click to select your

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