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Brief Exercise 4-18 Calculate the ratio of cash to noncash assets (LO4-8) For each company, calculate the ratio of cash to noncash assets. (Round percentage
Brief Exercise 4-18 Calculate the ratio of cash to noncash assets (LO4-8) For each company, calculate the ratio of cash to noncash assets. (Round percentage answers to two decimal places.) Tuohy Incorporated Oher Corporation Total Cash $5,000 Total Assets Liabilities $25,000 $4,400 4,300 27,300 7,000 Answer is complete but not entirely correct. Cash + Noncash Assets Tuohy Incorporated $ 5,000 + $ 20,000 Oher Corporation $ 4,300 + 23,000 Ratio 0.20% 0.16%
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