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Following are totals from selected financial statements of Magdalene Corporation for the years ended December 31, 2019 and 2020: 12/31/19 12/31/20 Cash flows provided by
Following are totals from selected financial statements of Magdalene Corporation for the years ended December 31, 2019 and 2020:
12/31/19 | 12/31/20 | |||
Cash flows provided by operating activities | $106,000 | $95,000 | ||
Cash flows provided by investing activities | 15,000 | 39,000 | ||
Cash flows used by financing activities | (37,000) | (48,000) | ||
Net increase in cash | $84,000 | $86,000 | ||
Net income | $56,000 | $22,000 | ||
Current assets | 124,000 | 135,000 | ||
Total assets | 576,000 | 656,000 | ||
Current liabilities | 87,000 | 113,000 | ||
Total liabilities | 360,000 | 420,000 |
Next Level Calculate the operating cash flow ratio for the year ended December 31, 2020.
Operating cash flow ratio = fill in the blank 1
2. Next Level Calculate the operating cash flow to total liabilities ratio for the year ended December 31, 2020.
Operating cash flow to total liabilities ratio = fill in the blank 2
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