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Smith Electronics Reported the Following Figures in Its 2017 and 2016

Question 141

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Smith Electronics reported the following figures in its 2017 and 2016 financial statements. Smith Electronics reported the following figures in its 2017 and 2016 financial statements. Compute the cash ratio for 2017 and 2016. What does the cash ratio measure? Use this information to discuss the business performance of Smith Electronics. Compute the cash ratio for 2017 and 2016. What does the cash ratio measure? Use this information to discuss the business performance of Smith Electronics.

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2017 Cash ratio = (Cash + Cash equivalen...

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