John's Food Market Had the Following Financial Data at December

question 24

Essay

John's Food Market had the following financial data at December 31,2018:
$$\begin{array} { | l | l | } \hline \text { Cash } & \$ 54,000 \\\hline \text { Cash Equivalents } & 24,000 \\\hline \text { Accounts Receivable } & 40,000 \\\hline \text { Total current } & \\\text { liabilities } & 130,000 \\\hline\end{array}$$ $$\begin{array} { l l } \text { Cash and cash equivalents } & \$ 78,000 \\\text { Total current liabilities } & 130,000\end{array}$$ a.What is the cash ratio as of December 31,2018? Show the formula and your computations.
b.Comment on the cash ratio for Metro Construction Company.

---

Definitions:

Avoidance Behaviors

Avoidance behaviors are actions taken to prevent or evade a perceived threat or discomfort, often seen in anxiety and other psychological conditions.

Extinction

In psychology, the process by which a conditioned response decreases in frequency and eventually disappears.

Agoraphobia

An anxiety disorder involving intense fear and avoidance of situations where escape might be difficult or help might not be available, often leading to avoidance of public places.

Public Places

Areas accessible to and shared by the public, such as parks, streets, and squares, where social interactions and activities occur.