compute the cash ratios for 2018 and 2017 ​(Round your answers to two decimal​ places, X.XX.) 2018:? 2017:? here is the data table Ranfield, Inc. Comparative Balance Sheet December 31, 2018 and 2017       2018 2017 2016*     Assets           Current Assets:           Cash $91,000 $90,000       Accounts Receivables, Net 112,000 119,000 $102,000     Merchandise Inventory 148,000 160,000 202,000     Prepaid Expenses 17,000 6,000       Total Current Assets 368,000 375,000       Property, Plant, and Equipment, Net 213,000 174,000       Total Assets $581,000 $549,000 $596,000     Liabilities           Total Current Liabilities $223,000 $241,000       Long-term Liabilities 115,000 98,000       Total Liabilities 338,000 339,000                   Stockholders' Equity           Preferred Stock, 6% 98,000 98,000       Common Stockholders' Equity, no par 145,000 112,000 87,000     Total Liabilities and Stockholders' Equity $581,000 $549,000       * Selected 2016 amounts

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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compute the cash ratios for 2018 and 2017

​(Round your answers to two decimal​ places, X.XX.)

2018:?
2017:?
here is the data table
Ranfield, Inc.
Comparative Balance Sheet
December 31, 2018 and 2017
 
 
 
2018
2017
2016*
 
 
Assets
 
 
 
 
 
Current Assets:
 
 
 
 
 
Cash
$91,000
$90,000
 
 
 
Accounts Receivables, Net
112,000
119,000
$102,000
 
 
Merchandise Inventory
148,000
160,000
202,000
 
 
Prepaid Expenses
17,000
6,000
 
 
 
Total Current Assets
368,000
375,000
 
 
 
Property, Plant, and Equipment, Net
213,000
174,000
 
 
 
Total Assets
$581,000
$549,000
$596,000
 
 
Liabilities
 
 
 
 
 
Total Current Liabilities
$223,000
$241,000
 
 
 
Long-term Liabilities
115,000
98,000
 
 
 
Total Liabilities
338,000
339,000
 
 
 
 
 
 
 
 
 
Stockholders' Equity
 
 
 
 
 
Preferred Stock, 6%
98,000
98,000
 
 
 
Common Stockholders' Equity, no par
145,000
112,000
87,000
 
 
Total Liabilities and Stockholders' Equity
$581,000
$549,000
 
 
 
* Selected 2016 amounts
 
 
 
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