The Scott Sun & Shade Company had the following financial data at December 31, 2018: Cash and cash equivalents $60,000 Total current liabilities 75,000 What is the cash ratio as of December 31, 2018, for Scott Sun & Shade?

The Scott Sun & Shade Company had the following financial data at December 31, 2018: Cash and cash equivalents $60,000 Total current liabilities 75,000 What is the cash ratio as of December 31, 2018, for Scott Sun & Shade?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Cash and cash equivalents	$60,000
Total current liabilities	75,000

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