The Financial Statements of Denison Furniture Company Include the Following

The financial statements of Denison Furniture Company include the following items: $$\begin{array} { | l | r | r | } \hline & { 2019 } & { 2018 } \\\hline \text { Cash } & \$ 60,500 & \$ 55,000 \\\hline \text { Short-term Investments } & 28,000 & 11,000 \\\hline \text { Net Accounts Receivable } & 98,000 & 99,000 \\\hline \text { Merchandise Inventory } & 164,000 & 149,000 \\\hline \text { Total Assets } & 533,000 & 552,000 \\\hline \text { Total Current Liabilities } & 233,000 & 219,000 \\\hline \text { Long-term Note Payable } & 61,000 & 54,000 \\\hline\end{array}$$ What is the 2019 cash ratio? (Round your answer to two decimal places)

A) 0.21
B) 0.11
C) 0.38
D) 0.26