Question: Chapter 7 Question 5 Answer all the requirements please. Sea Side Rentals reported the following selected amounts in its post-closing trial balance as of December

Chapter 7 Question 5

Answer all the requirements please.

Sea Side Rentals reported the following selected amounts in its post-closing trial balance as of December 31,2023 and December 31 , 2024 . All accounts have normal balances. (Click the icon to view the balances.) Requirements 1. Calculate the cash ratio for the two years. Round to two decimal places. 2. Did the company's position improve or weaken? Explain your

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