canva - Search EX Assignments: 23SUACCT509350 1 X M Question 8 + https://ezto.mheducation.com/ext/map/index.html?_con=con&external_brov ps%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%25 Midterm 2 i Saved 8 DEFT Records and Q Records provide the following selected financial data. DEFT Records Q Records 2024 2023 2024 2023 Cash and cash equivalents $150, 250 $132, 220 $486, 810 $428, 393 Short-term investments 85 , 540 74, 420 132, 587 115, 351 Accounts receivable 750, 890 Skipped 690, 819 1, 178, 897 1, 084, 586 Inventory 650,425 604, 895 1, 040, 680 967, 832 Property, plant and equipment 2, 156, 850 1, 919,597 3, 558, 803 3, 167, 334 Long-term investments 110, 540 93,959 182, 391 155, 032 Total asset 3, 904, 495 3, 515, 909 6, 580, 168 5, 918, 528 Total liabilities 1, 249, 438 1, 160, 250 2, 500, 464 2, 249, 041 eBook Total stockholders' equity 2, 655, 057 2, 355, 659 4, 079, 704 3, 669, 487 Net sales $6, 549, 875 $5, 763, 890 $9, 824, 813 $8, 645, 835 Operating income 2, 095, 960 1, 815, 625 3, 536,933 3, 026, 042 Interest expense 56, 225 53, 952 97,518 97, 833 Investment income 5 , 686 5 , 38 8 13, 229 10,815 Required: 1. Calculate the cash holdings ratio for DEFT Records in 2024. Note: Round your final answer to 1 decimal place. 2. Calculate the cash holdings ratio for Q Records in 2024. Note: Round your final answer to 1 decimal place. 3. Companies in this industry typically have cash holding ratios between 7% and 9%. Which company's cash holdings ratio are you concerned about? 1. Cash holdings ratio for DEFT Records 2. Cash holdings ratio for Q Records 3. Which company's cash holdings ratio are you concerned about