The Metro Construction Company Had the Following Financial Data as of December

question 83

Essay

The Metro Construction Company had the following financial data as of December 31,2018:
$$\begin{array} { | l | r | } \hline \text { Cash } & \$ 90,000 \\\hline \text { Cash Equivalents } & 30,000 \\\hline \text { Accounts Receivable } & 55,000 \\\hline \text { Total current liabilities } & 80,000 \\\hline\end{array}$$ Cash and cash equivalents $\quad \$ 120,000$
Total current liabilities $\quad 80,000$
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.

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Definitions:

Counter Rung

A ladder logic component used in PLC programming to count occurrences of an event.

CTU

In control systems, it typically stands for "Count Up", a function block used in PLC programming for counting events.

Count-Up Counter

A device or program that tallies an increasing count, often used for tracking occurrences or events.

Non-Retentive Counters

Counting mechanism in automation systems that do not retain their count value in the event of a power loss or system reset.