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H3Ko H3Ko
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7 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
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H3Ko Author
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#2
7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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