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This Question: 1 pt 1 of 2 Summer Banners reported the following figures in its financial statements: Cash $ 21,000 Cash Equivalents 52,500 Total Current

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This Question: 1 pt 1 of 2 Summer Banners reported the following figures in its financial statements: Cash $ 21,000 Cash Equivalents 52,500 Total Current Liabilities 70,000 Compute the cash ratio for Summer Banners. Determine the formula, then calculate the cash ratio. (Enter the cash ratio to two decimal places, X.XX.) Cash ratio

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