Question
Cash Ratio Calculation for Netflix, Inc. : Calculate the cash ratio for Netflix, Inc. for the fiscal year 2023 using the following information: Cash and
- Cash Ratio Calculation for Netflix, Inc.:
Calculate the cash ratio for Netflix, Inc. for the fiscal year 2023 using the following information:
- Cash and Cash Equivalents: $50,000,000
- Current Liabilities: $20,000,000
Requirement: Compute the cash ratio for Netflix, Inc. and discuss its ability to cover short-term liabilities with cash and cash equivalents.
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
2nd Edition
0078110823, 9780078110825
