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Smythe Banners reported the following figures in its financial statements: Cash $ 26,500 Cash Equivalents 58,750 Total Current Liabilities 55,000 Compute the cash ratio for

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Smythe Banners reported the following figures in its financial statements: Cash $ 26,500 Cash Equivalents 58,750 Total Current Liabilities 55,000 Compute the cash ratio for Smythe Banners. Determine the formula, then calculate the cash ratio. (Enter the cash ratio to two decimal places, X.XX.) + = Cash ratio + Il

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