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16. The Santino Sun & Shade Company had the following financial data at December 31,218 -Cash and cash equivalents$ 108,000 M n Total current liabilities

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16. The Santino Sun & Shade Company had the following financial data at December 31,218 -Cash and cash equivalents$ 108,000 M n Total current liabilities 120,000 What is the cash ratio as of December 31, 2018, for Santino Sun & Shade? Determine the formula, then calculate the cash ratio. (Enter the cash ratio to two decimal places, X.X Cash ratio

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