For the Year Ended December 31, 2018 Cash and cash of equivalents beginning of year Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation Amortization Inflow from deferred taxes Increase in accounts receivable Increase in inventories Increase in prepaid expenses Increase in accounts payable Increase in accrued payroll Increase in accrued taxes Net cash provided by operating activities Cash flows from investing activities: Outflow for investments Outflow for property, plant, and equipment Net cash outflow for investing activities Cash flows from financing activities: Inflow from issuance of bonds Dividends paid Net cash outflow for investing activities Net increase in cash and cash equivalents Cash and cash equivalents end of year A) Compute the Current Ratio for 2018 $210 50 20 (260) (60) (10) 300 20 100 $ (220) (793) $150 (491) $ 869 $1,000 $ 370 $1,370 (1,013) (341) 16 885