The financial statements of clearwater furniture company include the following items:
20172016
cash$63,500$51,000
short-term investments28,00017,000
net accounts receivable 94,000106,000
merchandise inventory157,000143,000
total assets531,000544,000
total current liabilities234,000217,000
long-term note payable 62,00052,000

what is 2017 cash ratio? (round your answer to two decimal places)
a. 0.21
b. 0.12
c. 0.39
d. 0.27

c. 0.39

Explanation:

The formula to compute the 2017 cash ratio is shown below:

= (Cash + Short-term Investments) ÷ (Total Current Liabilities)

= (63,500 + $51,000) ÷ (234,000)

= ($114,500) ÷ (234,000)

= 0.39

It shows a ratio between cash + cash equivalent and the current liabilities.

The other information which is given in the question is not relevant. Hence, ignored it

the answer choices are:

provides online banking

provides automatic payment services

provides home loans by using saving accounts

accept tax return refunds

hopefully someone can answer the question now lol