With this partial Balance Sheet data, find the Cash Ratio; Cash = $280 Accounts payable = $1,570

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With this partial Balance Sheet data, find the Cash Ratio;

Cash = $280
Accounts payable = $1,570
Accruals = $230
Notes Payable = $200
Accounts receivables = $1,100
Long-term debt = $1,150
Inventory = $1,960

Group of answer choices

0.79

0.75

0.50

1.67

0.14

Related Book For answer-question

Essentials of Managerial Finance

ISBN: 978-0324422702

14th edition

Authors: Scott Besley, Eugene F. Brigham

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Posted Date: Aug 10, 2022 05:02 AM

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With this partial Balance Sheet data, find the Cash Ratio; Cash = $280 Accounts payable = $1,570

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The Cash Ratio is calculated by dividing the cash a... View the full answer

Essentials of Managerial Finance

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