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The financial statements for Stephens' Electric Company include the following items: Compute the 2016 cash ratio.(Round your answer to two decimal places. )
Call Option
A financial contract giving the buyer the right, but not the obligation, to purchase an asset at a specified price within a certain time period.
Spot Exchange Rates
The current exchange rate at which a currency can be bought or sold for immediate delivery.
Speculative Derivatives
Financial instruments used to speculate on the future movements of asset prices, without intention of holding the underlying assets.
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