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3 years ago

3

A company has a cash ratio of 2.3. what does this imply?

1 answer:

sweet [91]3 years ago

3 0

<span>This implies that the company has an unnecessarily large amount of cash supply. Generally cash ratio is defined as ratio of a company's total cash and cash equivalents to its current liabilities.Then cash ratio can be determined by using the formula which is (Cash + Cash equivalents) Ă· Current liabilities.If cash &cash equivalents > current liabilities,it means the company has more cash.If cash &cash equivalents= current liabilities,it means the company has enough cash to pay the liabilities..If cash &cash equivalents<current liabilities,it means company utilized its assets well to earn profits.</span>

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Answer:

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Explanation:

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3 years ago

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Arlecino [84]

Answer:

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Explanation:

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3 years ago

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Step2247 [10]

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= $\frac{14}{150} \times100$

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