Mountain Cabin Rentals reported the following selected amounts in its post-closing trial balance as of December 31,

Question:

Mountain Cabin 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.

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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.

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Horngrens Financial And Managerial Accounting The Managerial Chapters

ISBN: 9781292412337

7th Global Edition

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura

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