A hotel provided the following information for Year 0008: The cash flow from operating activities was $178,200,
Question:
A hotel provided the following information for Year 0008: The cash flow from operating activities was $178,200, average current liabilities were $58,800, average total liabilities were $666,500, and total sales revenue for the year was $2,555,450 and interest paid was $59,000.
Calculate the following ratios:
a. The cash flow from operating activities to current liabilities ratio
b. The cash flow for operating activities to total liabilities ratio
c. The cash flow from operating activities margin ratio
d. The cash flow from operating activities to interest ratio LO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Hospitality Management Accounting
ISBN: 9780471687894
9th Edition
Authors: Martin G Jagels, Catherine E Ralston
Question Posted: