Ture HW Score: 57.61% Homework: Chapter 7 Homework Problems Score: 0 of 2 pts 5 of 5 completel EF7-23 (similar to) Dog Day Rentals reported the following selected amounts in its pou-closing a balance of December 31, 2023 and December 31, 2004. Al accounts how normal balances (Click the icon to view the balances) Data Table 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 answer Quest 2024 2013 $ 6.000 S Requirement 1. Calculate the cash ratio for the two years, Round to two decimal places Determine the formula, then calculate the cash ratio for 2024 and 2023. (Enter the cash ratio to two decimal places, Xxx.) ( Cash Cash Equivalents Tot Current La Cash 2023 2024 2.400 1 500 5.350 1,900 1.100 125 9 150 500 9.200 20.000 Cash Cash Equivalents Accounts Receivable Office Supplies Merchandise Inventory Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Unties Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings 2.600 1,800 230 1.000 25.000 2.000 2.100 270 900 750 ROO 27 200 27.200 13,145 Print Done Choose from any list or enter any number in the input fields and then click Check Answer Check Arewe Clear All 1 por remaining MacBook Pro G Search or type URL 8 . %