Question
Billy Corporation had the following data for 2019: Net cash flow from operating activities $ 9,100,000 Current liabilities at January 1, 2019 $ 9,000,000 Current
Billy Corporation had the following data for 2019:
| Net cash flow from operating activities | $ 9,100,000 |
| Current liabilities at January 1, 2019 | $ 9,000,000 |
| Current liabilities at December 31, 2019 | $15,000,000 |
Joel's operating-cash-flow-to-current-liabilities ratio for 2019 is:
Select one:
A. 1.02
B. 0.76
C. 0.87
D. 0.61
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Measurement And Internal Audit Operations
Authors: Andrew Fight
1st Edition
184112401X, 978-1841124018
