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The Smythe Sun & Shade Company had the following financial data at December 31, 2018: Cash and cash equivalents $49,500 Total current liabilities 110,000 What

The Smythe Sun & Shade Company had the following financial data at December 31, 2018:

Cash and cash equivalents $49,500

Total current liabilities 110,000 What is the cash ratio as of December 31, 2018, for Smythe Sun & Shade?

Determine the formula, then calculate the cash ratio. (Enter the cash ratio to two decimal places, X.XX.)

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