The nancial statements for Stephens' Electric Company include the following items: 2025 2024 Cash $56,000 $55,000 Cash Equivalents 25,500 11,000 Net Accounts Receivable 31,000 26,000 Merchandise Inventory 82,000 64,000 Total Assets 532,000 550,000 Accounts Payable 46,500 35,000 Salaries Payable 17,000 20,000 Longterm Note Payable 60,000 60,000 Income From Operations 133,500 110,000 Interest Expense 29,000 30,000 Compute the 2024 cash ratio. (Round your answer to two decimal places.) O A. 0.57 O B. 1.2 O C. 1.89 O D. 1.28