Homework

Part $1$ of $2$

Points: $0$ of $1$

Vista View Rentals reported the following selected amounts in its post$-$closing trial balance as of December $31,2023$ and December $31,2024.$ All accounts have normal balances.

$($Click the icon to view the balances.$)$

Requirements

Calculate the cash ratio for the two years. Round to two decimal places.

Did the company's position improve or weaken? Explain your answer.

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 ratio to two decimal places, X$.$XX$.)$

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