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Saxe Banners reported the following figures in its financial statements: Compute the cash ratio for Saxe Banners. Determine the formula, then calculate the cash ratio.

Saxe Banners reported the following figures in its financial statements:

Compute the cash ratio for Saxe Banners.

Determine the formula, then calculate the cash ratio.

(

Enter the cash ratio to two decimal places, X

.

.)

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