Fingertips,Inc

question 116

Multiple Choice

Fingertips,Inc.had the following financial data for the year ended December 31,2017.

What is the cash ratio as of December 31,2017,for Fingertips,Inc.? (Round your answer to two decimals. )

• A)0.28
• B)0.40
• C)0.47
• D)0.80

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Definitions:

Equities

Shares of stock representing ownership interests in companies, offering potential for capital gains and dividends.

Fixed-income Securities

Financial instruments that pay a fixed amount of income, usually in the form of interest or dividends, like bonds or preferred stocks.

Pass-through Status

A business structure that allows profits to be passed directly to owners or shareholders without being subject to corporate taxes.

U.S. Tax Code

The U.S. Tax Code is the formal body of laws and rules that dictate how federal income taxes are collected from individuals and businesses by the U.S. government.