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3.6 Consider the given information for Oxo Tech ud. clearly provide the Cash ratno formula/rato, calculate the Cash ratio (to 2 decmals), and provide a

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3.6 Consider the given information for Oxo Tech ud. clearly provide the Cash ratno formula/rato, calculate the Cash ratio (to 2 decmals), and provide a bnef interpretation of the Cash ratio OXO Tech Ltd Current assets 2 225 000 Current liabilities ordinary shareholders' funds (equity) 5500 000 Cash 325 000 Inventory (stock) 465 000 Debtors 120 000 Creditors 310 000 Overdrafts 40 000 Interest expe (for the year) 105 000 Net operating income 1 245 000 Gross operating income 1770 000 Revenue (Sales) 3 220 000 Credit sales Net profit 460 000 Long-term debt 3 500 000 1 850 000 Short-term debt

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