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Operating-Cash-Flow-to-Capital-Expenditures Ratio Activity reported by Los Altos, Inc. Cash flow from operating activities $2,625,000 Capital expenditures 1,360,000 Current liabilities, beginning of year 525,000 Current liabilities,
Operating-Cash-Flow-to-Capital-Expenditures Ratio
| Activity reported by Los Altos, Inc. | |
|---|---|
| Cash flow from operating activities | $2,625,000 |
| Capital expenditures | 1,360,000 |
| Current liabilities, beginning of year | 525,000 |
| Current liabilities, end of year | 576,000 |
Using the above data, calculate the operating-cash-flow-to-capital-expenditures ratio for Los Altos, Inc. (Round to two decimals.)
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Cost Accounting For Managerial Planning Decision Making And Control
Authors: Woody Liao, Andrew Schiff, Stacy Kline
6th Edition
1516551702, 9781516551705
