Ogden Corporation has a projected balance sheet that includes the following accounts.

Cash	$ ?
Marketable securities	486,000
Accounts receivable	1,176,000
Inventory	942,000
Non-current assets, net	2,532,000
Total liabilities	1,963,200
Total equity	3,864,000

What is the projected cash balance?

Select one:

a. $691,200

b. $0

c. None of these are correct

d. $1,260,000

e. $631,200

A company reports the amounts below in its financial statements.

Net cash flow from operating activities	$22,032
Total net cash flow	45,360
Property, plant and equipment, beginning of year	44,400
Property, plant and equipment, end of year	55,200
Cash flow for acquisitions of property, plant and equipment	7,200

What is the company's operating cash flows to capital expenditures ratio at the end of the year?

Select one:

a. 6.3

b. None of these are correct

c. 2.5

d. 3.06

e. 0.4