Schuester Company has $40,000 in current liabilities, $20,000 in cash, and $25,000 in marketable securities. What Schuesters

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Schuester Company has $40,000 in current liabilities, $20,000 in cash, and $25,000 in marketable securities. What Schuester’s cash ratio?
a. 1.125
b. 0.889
c. 1.6
d. 0.625

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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Question Posted: Sep 22, 2015 03:22 AM

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Schuester Company has $40,000 in current liabilities, $20,000 in cash, and $25,000 in marketable securities. What Schuesters

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Cornerstones of Financial and Managerial Accounting

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