b. Compute the cash ratio for the current year. (Round your answer to two decimal places, X.XX.) Cash ratio = = Help me solve thisDemodocs example Get more help pop-up content starts Financial Statements Current Year Preceding Year Balance Sheet: Cash $19,000 $30,000 Short-term Investments 10,000 27,000 Net Accounts Receivables 54,000 72,000 Merchandise Inventory 78,000 84,000 Prepaid Expenses 17,000 8,000 Total Current Assets 178,000 221,000 Total Current Liabilities 133,000 89,000 Income Statement: Net Credit Sales $466,000 Cost of Goods Sold 310,000