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Scott Banners reported the following figures in its financial statements: Cash $ 22,000 Cash Equivalents 69,000 Total Current Liabilities 65,000 Compute the cash ratio for

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Scott Banners reported the following figures in its financial statements: Cash $ 22,000 Cash Equivalents 69,000 Total Current Liabilities 65,000 Compute the cash ratio for Scott Banners. Determine the formula, then calculate the cash ratio (Enter the cash ratio to two decimal places, XXX) ) Cash ratio )

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