Calculate the cash ratio given the following information: current ratio = 3; total current assets = $21,000; cash and cash equivalents = $2,380.
A) 0.30
B) 0.31
C) 0.32
D) 0.33
E) 0.34

Question

Quizplus · Accepted Answer

The Answer of Calculate the cash ratio given the following information: current ratio = 3; total current assets = $21,000; cash and cash equivalents = $2,380.
A) 0.30
B) 0.31
C) 0.32
D) 0.33
E) 0.34

Calculate the Cash Ratio Given the Following Information: Current Ratio