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.

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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Cash Cash Equivalents Accounts Receivable Office Supplies Merchandise Inventory Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Utilities Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings 2024 $6,500 2,300 800 250 8,750 900 15,000 2,000 800 230 1,200 875 26,800 2,595 2023 $ 5,250 1,700 1,200 355 9,500 800 15,000 1,500 1,200 250 1,100 650 26,800 2,305