Merchandise Inventory Assignment | College Homework Help

This Question: 1 pt 2019 2018 Cash $61,000 $48,000 Cash Equivalents 20,500 17,000 Net Accounts Receivable 27,000 32,000 Merchandise Inventory 78,000 69,000 Total Assets 528,000 547,000 Accounts Payable 38,500 40,000 Salaries Payable 26,000 17,000 Long-term Note Payable 61,000 56,000 Income From Operations 127,500 120,000 Interest Expense 28,000 27,000 Compute the 2018 cash ratio. (Round your answer to two decimal places.) O A. 1.14 OB. 1.26 OC. 0.58 OD. 1.63 Click to select your answer Type here to search