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:

Actual Rate (AR)

Refers to the actual cost rate incurred during a specific period, often used in calculating variances from estimated costs.

Task Analysis

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Historical Data Analysis

The examination of past data to identify trends, patterns, and outcomes that can inform future decisions and strategies.

Practical Standards

Realistic expectations for performance or output that take into account potential variances and are used for benchmarking and measuring actual performance.