Fingertips, Inc. had the following financial data for the year ended December 31, 2017. What is the cash ratio as of December 31, 2017, for Fingertips, Inc.? (Round your answer to two decimals.)
A) 0.28
B) 0.40
C) 0.47
D) 0.80

Question

Fingertips, Inc. had the following financial data for the year ended December 31, 2017.  What is the cash ratio as of December 31, 2017, for Fingertips, Inc.? (Round your answer to two decimals.)
A) 0.28 
B) 0.40 
C) 0.47 
D) 0.80

Quizplus · Accepted Answer

The Answer of Fingertips, Inc. had the following financial data for the year ended December 31, 2017.  What is the cash ratio as of December 31, 2017, for Fingertips, Inc.? (Round your answer to two decimals.)
A) 0.28 
B) 0.40 
C) 0.47 
D) 0.80