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saxe Banners reported the following figures in its financial statements: Cash $ 29,500 Cash Equivalents 28,250 Total Current Liabilities 55,000 Compute the cash ratio for

saxe Banners reported the following figures in its financial statements:

Cash $ 29,500

Cash Equivalents 28,250

Total Current Liabilities 55,000

Compute the cash ratio for Saxe Banners

Determine the formula, then calculate the cash ratio

Cash + Cash Equivalents Total Current Liabilities = Cash ratio

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Please give me the answers for the question marks. Thank you

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