Budget Banners reported the following figures in its financial statements: Cash $ 28,800 Cash Equivalents 2,200 Total

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Budget Banners reported the following figures in its financial statements: Cash $ 28,800 Cash Equivalents 2,200 Total Current Liabilities 24,800 Compute the cash ratio for Budget Banners.

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Horngrens Financial and Managerial Accounting

ISBN: 978-0133255584

4th Edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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Question Posted: Jan 16, 2015 10:10 AM

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Budget Banners reported the following figures in its financial statements: Cash $ 28,800 Cash Equivalents 2,200 Total

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Horngrens Financial and Managerial Accounting

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