Top Posters
Since Sunday
y
2
m
2
m
2
u
2
m
2
B
2
M
2
e
2
k
2
N
2
y
2
m
2
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
H3Ko H3Ko
wrote...
Go to Answer
Posts: 4891
Rep: 45 0
8 years ago
Fingertips, Inc. had the following financial data for the year ended December 31, 2017.

Cash   $44,000
Cash equivalents   77,000
Long term investments   58,000
Total current liabilities   149,000

What is the cash ratio as of December 31, 2017, for Fingertips, Inc.? (Round your answer to two decimals.)
A) 0.39
B) 0.48
C) 0.81
D) 0.30
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
Read 969 times
2 Replies
Replies
Answer verified by a subject expert
.unplugged..unplugged.
wrote...
#1
Top Poster
Posts: 1272
Rep: 267 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

H3Ko Author
wrote...
#2
8 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  673 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 424
  
 327
  
 173
Your Opinion
Who will win the 2024 president election?
Votes: 119
Closes: November 4
Previous poll results: Which 'study break' activity do you find most distracting?