Question
Operating-Cash-Flow-to-Capital-Expenditures Ratio The following information is from the financial statements of Smith & Sons. Cash flow from operating activities $3,000,000 Capital expenditures 1,530,000 Current liabilities,
Operating-Cash-Flow-to-Capital-Expenditures Ratio The following information is from the financial statements of Smith & Sons.
| Cash flow from operating activities | $3,000,000 |
| Capital expenditures | 1,530,000 |
| Current liabilities, beginning of year | 600,000 |
| Current liabilities, end of year | 720,000 |
Calculate the operating-cash-flow-to-capital-expenditures ratio for Smith & Sons.
Round answer to two decimal places.
Answer
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Managerial Accounting An Introduction to Concepts Methods and Uses
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
10th Edition
1111822239, 324639767, 9781111822231, 978-0324639766
