saxe Banners reported the following figures in its financial statements: Cash $ 29,500 Cash Equivalents 28,250 Total
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Question:
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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