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The financial states of Clearwater Furniture Company includes the following items: 2017 2016 Cash.
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The financial states of Clearwater Furniture Company includes the following items:


2017 2016

Cash. $54,500 $48,000

Short-term Investments 26,000 10,000

Net Acct Receivable 97,000 106,000

Merchandize Inventory. 156,000 145,000

Total Assets 525,000 546,000

Total Current Liabilities. 230,000 213,000

Long Term Note Investments. 60,000 55,000


What is the 2017 cash ratio? (Round to answer to two decimal places


A. 0.35

B. 0.19

C. 0.24

D. 0.10

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Subject: Accounting, Business

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