The Financial Statements for Silver Service Company Include the Following

The financial statements for Silver Service Company include the following items: $\begin{array}{lrr}&2019&2018\\\text { Cash } & \$ 50,500 & \$ 42,000 \\\text { Short-term Investments } & 26,000 & 14,500 \\\text { Net Accounts Receivable } & 52,000 & 48,000 \\\text { Merchandise Inventory } & 131,000 & 51,000 \\\text { Total Assets } & 532,000 & 548,000 \\\text { Accounts Payable } & 132,500 & 127,00 \\\text { Salaries Payable } & 16,000 & 16,000 \\\text { Long-term Note Payable } & 57,000 & 57,00\end{array}$ Compute the acid-test ratio for 2018. (Round your answer to two decimal places)

A) 0.87
B) 0.73
C) 0.82
D) 0.63