Homework Answers
Cash ratio in 2016 = (Cash& Securities)/ Current Liabilities = 630/990 = 0.64
Cash ratio in 2017 = 756/1001 = 0.76
So the cash ratio has increased and it is a higher sign of liquidity.
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Sam’ Business - Sole Proprietor with one employee. Income Statement Net Income 2013-$14,375; 2014-$29,250; 2015-$32,250; 2016-$40,000...
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