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The Smith Sun & Shade Company had the following financial data at December 31, 2016: Cash and cash equivalents $ 99,000 Total current liabilities 110,000

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The Smith Sun & Shade Company had the following financial data at December 31, 2016: Cash and cash equivalents $ 99,000 Total current liabilities 110,000 What is the cash ratio as of December 31, 2016, for Smith Sun & Shade? Determine the formula, then calculate the cash ratio. (Enter the cash ratio to two decimal places, X.XX.)

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