The Following Amounts Were Reported on the December 31, 2019

The following amounts were reported on the December 31, 2019, balance sheet: $$\begin{array} { l r } \text { Cash } & \mathbf {\$ 8 , 0 0 0 } \\\text { Land } & 20,000 \\\text { Accounts payable } & 15,000 \\\text { Bonds payable } & 120,000 \\\text { Merchandise irventory } & 30,000 \\\text { Retained earnings } & 80,000 \\\text { Buildings and equipment, net of accumulated depreciation } & 180,000 \\\text { Accounts receivable } & 22,000 \\\text { Common stock } & 40,000 \\\text { Wages payable } & 5,000\end{array}$$ The acid-test ratio at December 31, 2019 was:

A) 1.5
B) 2.0
C) 3.0
D) 4.0