Dog Day Rentals reported the following selected amounts in this post deing a balance as of December 31, 2023 and December 31, 2004 Accounts have normal balancen mm (Click the icon to view the balances) Requirements 1. Calculate the cash ratio for the two years. Round to two decimal places 2. Did the company's polion improve or weaken? Explain your an Requirement 1. Calculate the cash ratio for the two years. Round to two decimal places Determine the formula then calculate the cash ratio for 2024 and 2023. (Enter the cash rootwe decimal places, XXX) Cash 2023 ( ) 2024 Homewn Data Table hal balances Day Rentals aported the following selected amounts in its pa Click the icon to view the balances) Datatable cash ratio for the two years. Round to two decima d the company's position improve or weaken? Explain your $ 2024 7.500 5 2,200 500 225 8,700 2023 5.200 1,500 1600 300 uirement 1. Calculate the cash rate for the two years. Round sumine the formula then calculate the cash rate for 2024 and 3 24 Cash Cash Equivalents Accounts Receivable Office Supplies Merchandise Inventory Prepaid insurance Equipment Accumulated Depreciation Equipment Accounts Payable Udits Payable Salaries Payable Unred Ravenue Comen 1.100 20.000 3.400 1.100 200 1.500 9,300 1000 20.000 2.500 1.300 310 1.400 1050 1.250 77 on Print Done Help Me Solve This e Text Pages Get More Clear All Question 5, EF7-23 (simil... rk HW Score: 66.67%, 3. 1 Data Table nal be its pa 7.500 5 2,200 Cash Cash Equivalents Accounts Receivable 5,200 1,500 1,600 Becima our ad 500 225 300 Round and 8,700 1.100 20,000 3,400 Office Supplies Merchandise Inventory Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Utilities Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings 9,300 1,000 20.000 2,500 1,300 1.100 290 310 1,500 1,400 1.250 1,050 27,600 27 600 4.740 5.085 Print Done More- 0 0 a 5 hp