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Phillips Company Had the Following Financial Data for the Year

Question 161

Multiple Choice

Phillips Company had the following financial data for the year ended December 31,2019. Phillips Company had the following financial data for the year ended December 31,2019. What is the cash ratio as of December 31,2019,for Phillips Company? (Round your answer to two decimal places. ) A) 0.28 B) 0.37 C) 0.45 D) 0.82 What is the cash ratio as of December 31,2019,for Phillips Company? (Round your answer to two decimal places. )


A) 0.28
B) 0.37
C) 0.45
D) 0.82

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