Question
Operating Cash Flow Analysis and Quick Ratio Calculation: Analyze the operating cash flow and calculate the quick ratio for XYZ Corporation using the following data:
- Operating Cash Flow Analysis and Quick Ratio Calculation:
Analyze the operating cash flow and calculate the quick ratio for XYZ Corporation using the following data:
- Net Income: $300,000
- Depreciation Expense: $50,000
- Changes in Working Capital: $20,000
- Current Assets: $400,000
- Inventory: $100,000
- Current Liabilities: $200,000
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
11th Canadian edition Volume 1
1119048532, 978-1119048534
