Superstore Electronics Reported the Following Figures in Its 2019 and 2018

question 121

Essay

Superstore Electronics reported the following figures in its 2019 and 2018 financial statements.
$$\begin{array} { | l | r | r | } \hline & 2019 & 2018 \\\hline \text { Cash } & \$ 38,500 & \$ 25,000 \\\hline \text { Cash Equivalents } & 3,000 & 2,000 \\\hline \text { Total Current } & & \\\text { Liabilities } & 33,200 & 30,000 \\\hline\end{array}$$ Compute the cash ratio for 2019 and 2018.What does the cash ratio measure? Use this information to discuss the business performance of Superstore Electronics.

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Definitions:

Salary Contributions

Payments made by employees or employers towards retirement plans, benefits, or other financial obligations based on salary percentages.

Employer Contributions

Payments made by an employer into a benefits plan, pension, or savings account on behalf of their employees.

At-Will Doctrine

Essentially means an employee hired for an indefinite period may be discharged for any or no reason, cause or no cause, unless specifically prohibited by law.

HR Policy

Guidelines and rules set by a company to manage its workforce and to regulate aspects such as recruitment, compensation, and employee relations.