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The financial statements for Silver Service Company include the following items: 2019 2018 Cash $...

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Accounting

The financial statements for Silver Service Company include the following items: 2019 2018 Cash $ 47 comma 500 $ 42 comma 000 Shortminusterm Investments 30 comma 000 17 comma 500 Net Accounts Receivable 61 comma 000 55 comma 000 Merchandise Inventory 131 comma 000 47 comma 000 Total Assets 533 comma 000 553 comma 000 Accounts Payable 127 comma 500 132 comma 000 Salaries Payable 23 comma 000 14 comma 000 Longminusterm Note Payable 58 comma 000 59 comma 000 Compute the acidminustest ratio for 2018. (Round your answer to two decimal places) A. 0.78 B. 0.87 C. 0.66 D. 0.92

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