Question: 8-5 Accounting question. Please answer in format shown Scott Banners reported the following figures in its financial statements: Compute the cash ratio for Scott Banners.

8-5

Accounting question. Please answer in format shown

Scott Banners reported the following figures in its financial statements: Compute the cash ratio for Scott Banners. Determine the formula then calculate the cash ratio. (Enter the cash ratio to two decimal places, XXX.)

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