Calculate amount of Cash and marketable securities given the cash ratio
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Using Excel show all formulas for the following: Firm has current assets of 100 million and current liabilities of 50 million and goes belly-up. Cash ratio of .05. How much cash and marketable securities does it hold?
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Solution Summary
The solution calculates the answer and explains the method. The amount of cash and marketable securities given the cash ratios is determined.
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