X & | Question 13 The financial statements for Stephens' Electric Company include th 2017 2016 Cash Cash Equivalents Net Accounts Receivable Merchandise Inventory Total Assets Accounts Payable Salaries Payable Long-term Note Payable Income From Operations Interest Expense $55,000 23,500 30,000 81,000 530,000 44,500 24,000 61,000 124,500 28,000 $51,000 20,000 26,000 65,000 548,000 35,000 20,000 57,000 115,000 33,000 Compute the 2016 cash ratio. (Round your answer to two decimal pl A) 1.29 B 1.15 C) 2.03 D) 0.63