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DEFT Records and Q Records provide the following selected financial data. Required: 1. Calculate the cash holdings ratio for DEFT Records in 2024. Note: Round

image text in transcribed DEFT Records and Q Records provide the following selected financial data. 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

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