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CH 1 4 4 Working Capital and Short - Term Firm Liquidity Ratios Favor Company has a current ratio of 2 . 0 8 on

CH144Working Capital and Short-Term Firm Liquidity Ratios
Favor Company has a current ratio of 2.08 on December 31. On that date its current assets are as follows:
Favor Company's current liabilities at the beginning of the year were $192,000 and during the year its operating activities provided a cash flow of $33,830.
a. What are the firm's current liabilities at December 31?
b. What is the firm's working capital on December 31?
c. What is the quick ratio on December 31?
Round answer to 2 decimal places.
1.17
d. What is the firm's operating-cash-flow-to-current-liabilities ratio?
Round answer to 2 decimal places.
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