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

image text in transcribed Stacy Banners reported the following figures in its financial statements: Compute the cash ratio for Stacy Banners. Determine the formula, then calculate the cash ratio. (Enter the cash ratio to two decimal places, X.XX.) \begin{tabular}{l|l|l|l} (1+ & )/ & = & Cash ratio \\ ( & + & )/ & = \end{tabular}

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