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) 0.30
B) 0.39
C) 0.48
D) 0.81
D .Cash Ratio = (Cash + Cash Equivalents) / Total Current Liabilities
Cash Ratio = ($44,000 + $77,000 ) / $149,000
Cash Ratio = 0.81
Business
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