Question
Company A has a net change in cash of $2,130,000. Net cash provided by investing activities was $1,213,000. Net cash provided by operating activities was
Company A has a net change in cash of $2,130,000. Net cash provided by investing activities was $1,213,000. Net cash provided by operating activities was $1,345,000. Average total liabilities was $2,220,100, while average current liabilities was $1,250,000. Calculate the current cash debt coverage of the company.
0.606
0.959
1.704
1.076
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
978-0078025914
