The Financial Statements of Trenton Office Supply Include the Following

Multiple Choice

The financial statements of Trenton Office Supply include the following items: $$\begin{array} { | l | r | r | } \hline & { 2019 } & { 2018 } \\\hline & & \\\hline \text { Cash } & \$ 51,500 & \$ 45,000 \\\hline \text { Short-term Investments } & 26,000 & 13,000 \\\hline \text { Net Accounts Receivable } & 94,000 & 100,000 \\\hline \text { Merchandise Inventory } & 135,000 & 126,000 \\\hline \text { Total Assets } & 534,000 & 550,000 \\\hline \text { Total Current Liabilities } & 260,000 & 235,000 \\\hline \text { Long-term Note Payable } & 57,000 & 50,000 \\\hline & & \\\hline\end{array}$$ What is the 2019 current ratio? (Round your answer to two decimal places.)

A) 0.85
B) 0.57
C) 1.18
D) 1.68