A certain financial institution reported that its assets totaled $2,377,366.30 on a certain day. Of this amount, $31724.54 was held in cash. Approximately what percent of the reported assets was held in cash on that day?
0.00013%
0.0013%
0.013%
0.13%
1.3%
30000/2370000=1/79>1/80=0.0125=1.25%
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