Smith Electronics reported the following figures in its 2017 and 2016 financial statements. 
Compute the cash ratio for 2017 and 2016. What does the cash ratio measure? Use this information to discuss the business performance of Smith Electronics.
Definitions:
Oxidation
A chemical reaction in which a substance loses electrons, often associated with the gain of oxygen or loss of hydrogen, crucial in energy production and metabolic processes.
Electrons
Subatomic particles with a negative charge that circle around an atom's nucleus.
Dehydration
The loss or removal of water from something, commonly referring to the state in which an organism's body loses more fluids than it takes in.
Q24: The ending inventory of a company was
Q55: Accounts Receivable has a balance of $34,000,
Q58: In a periodic inventory system, there is
Q61: Electronic funds transfer moves cash by electronic
Q83: Refer to the following bank reconciliation: <img
Q90: Complete the following table, which compares the
Q104: Refer to the following bank reconciliation: <img
Q106: An oil well cost $1,862,500 and is
Q145: The double-declining-balance method ignores the residual value
Q200: In a multi-step income statement, which of