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The financial statements of Harbor Furniture Company include the following items: 2017 2016 Cash...

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Accounting

The financial statements of Harbor Furniture Company include the following items:

2017 2016 Cash $43,500 $42,000 Short-term Investments 27,000 12,500 Net Accounts Receivable 93,000 100,000 Merchandise Inventory 162,000 149,000 Total Assets 533,000 547,000 Total Current Liabilities 304,000 293,000 Long-term Note Payable 62,000 59,000 What is 2017 acid-test ratio? (Round your answer to two decimal places.)

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