Cash OA. 0.12 OB. 0.27 OC. 0.21 Short-term Investments Net Accounts Receivable Merchandise Inventory Total Assets Total Current Liabilities Long term Note Payable 2017 $63,500 28,000 94,000 157,000 531,000 234,000 62,000 2016 $51.000 17,000 106,000 143,000 544,000 217.000 52,000 Using the following formula, what is 2017 cash ratio? (Round your answer to two decimal places.). FORMULA: Cash ratio (Cash + Cash equivalents)/Total current liabilities

Cash OA. 0.12 OB. 0.27 OC. 0.21 Short-term Investments Net Accounts Receivable Merchandise Inventory Total Assets Total Current Liabilities Long term Note Payable 2017 $63,500 28,000 94,000 157,000 531,000 234,000 62,000 2016 $51.000 17,000 106,000 143,000 544,000 217.000 52,000 Using the following formula, what is 2017 cash ratio? (Round your answer to two decimal places.). FORMULA: Cash ratio (Cash + Cash equivalents)/Total current liabilities

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...

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