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Smythe Banners reported the following figures in its financial statements: Cash $ 2 6 , 5 0 0 Cash Equivalents 5 , 0 0 0

Smythe Banners reported the following figures in its financial statements:

Cash $

26, 500

Cash Equivalents

5, 000

Total Current Liabilities

30, 000

Compute the cash ratio for Smythe Banners

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