For each company, calculate the ratio of cash to noncash assets. (Round percentage answers to two decimal places.)

Cash Total Assets Total Liabilities

Tuohy Incorporated $4,200 $23,400 $3,600

Oher Corporation 3,500 25,700 6,200

The ratio of cash to non-cash assets are;

0.22 for Tuohy Incorporated

0.16 for Oher Corporation

Explanation:

The cash account forms part of the total assets as it is a part of the current assets added to non current assets to get the total asset.

As such, it will be deducted from the total assets given to get the amount of non-cash assets.

Given for Tuohy Incorporated;

Cash = $4,200

Total assets = $23,400

Non cash assets = $23,400 - $4,200 = $19,200

Ratio of cash to non cash assets = $4,200/$19,200 = 0.22

For Oher Corporation

Cash = $3,500

Total assets = $25,700

Non cash assets = $25,700 - $3,500 = $22,200

Ratio of cash to non cash assets = $3,500/$22,200 = 0.16