Fingertips,Inc What Is the Cash Ratio as of December 31,2017,for Fingertips,Inc

question 114

Multiple Choice

Fingertips,Inc.had the following financial data for the year ended December 31,2017. $$\begin{array} { | l | r | } \hline \text { Cash } & \$ 44,000 \\\hline \text { Cash equivalents } & 77,000 \\\hline \text { Long term investments } & 58,000 \\\hline \text { Total current liabilities } & 149,000 \\\hline\end{array}$$ 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

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Definitions:

Intermittent Tube Feeding

A method of providing nutrition through a tube inserted in the stomach or intestine at specific times rather than continuously.

Formula Cooling

The process of bringing the temperature of a liquid infant formula down to a safe and comfortable level for feeding.

Food Coloring

Dyes or pigments used to change the color of food and drinks for aesthetics, with some concern about health impacts.

Nasogastric (NG) Tube Insertion

The placement of a flexible tube through the nose, down the esophagus and into the stomach, for feeding, medication delivery, or gastric decompression.