Question
During the year, Tollis Construction increased its accounts receivable by $225, increased its accounts payable by $140, and decreased its inventory by $165. How did
During the year, Tollis Construction increased its accounts receivable by $225, increased its accounts payable by $140, and decreased its inventory by $165. How did these three accounts affect the firm's cash flows for the year?
The Pitt Stop generated net income of $1,250 and paid dividends of $250. Accounts payable fell by $100, accounts receivable increased by $75, inventory increased by $60, depreciation expense was $25, and net fixed assets decreased by $15. There was no interest expense. What was its net cash flow from operating activity?
Clydes Smoke Shop has cash of $750, accounts receivable of $150, inventory of $300, and accounts payable of $600. What is the value of Clydes quick ratio?
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