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Phillips, Inc. had the following financial data for the year ended December 31, 2025. Cash Cash equivalents Long term investments Total current liabilities $42,000 76,000

Phillips, Inc. had the following financial data for the year ended December 31, 2025. Cash Cash equivalents Long term investments Total current liabilities $42,000 76,000 56,000 147,000 What is the cash ratio as of December 31, 2025, for Phillips, Inc.? (Round your answer to two decimal places.)

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