c.	Calculate the cash ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)

	2014	2015
Cash ratio	times	times

Just Dew It Corporation reports the following balance sheet information for 2014 and 2015.

JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets
Assets									Liabilities and Owners Equity
	2014				2015					2014				2015
Current assets									Current liabilities
Cash	$	11,000			$	14,250			Accounts payable	$	54,000			$	63,750
Accounts receivable		27,000				36,750			Notes payable		14,800				20,500
Inventory		75,000				96,250
Total	$	113,000			$	147,250			Total	$	68,800			$	84,250
									Long-term debt	$	50,000			$	40,000
									Owners equity
									Common stock and paid-in surplus	$	55,000			$	55,000
									Retained earnings		226,200				320,750
Net plant and equipment	$	287,000			$	352,750			Total	$	281,200			$	375,750
Total assets	$	400,000			$	500,000			Total liabilities and owners equity	$	400,000			$	500,000

Based on the balance sheets given for Just Dew It: