The Financial Statements of Island Furniture Company Include the Following

The financial statements of Island Furniture Company include the following items: $$\begin{array} { | l | r | r | } \hline &{ 2019 } &{ 2018 } \\\hline \text { Cash } & \$ 45,500 & \$ 50,000 \\\hline \text { Short-term Investments } & 26,000 & 15,500 \\\hline \text { Net Accounts Receivable } & 102,000 & 98,000 \\\hline \text { Merchandise Inventory } & 166,000 & 151,000 \\\hline \text { Total Assets } & 527,000 & 544,000 \\\hline \text { Total Current Liabilities } & 302,000 & 295,000 \\\hline \text { Long-term Note Payable } & 64,000 & 50,000 \\\hline\end{array}$$ What is the 2019 acid-test ratio? (Round your answer to two decimal places.)

A) 0.24
B) 1.12
C) 1.74
D) 0.57