Question
Operating-Cash-Flow-to-Current-Liabilities Ratio The following information is from the financial statements of Smith & Sons. Cash flow from operating activities $3,000,000 Capital expenditures 1,700,000 Current liabilities,
Operating-Cash-Flow-to-Current-Liabilities Ratio The following information is from the financial statements of Smith & Sons.
| Cash flow from operating activities | $3,000,000 |
| Capital expenditures | 1,700,000 |
| Current liabilities, beginning of year | 540,000 |
| Current liabilities, end of year | 648,000 |
Calculate the operating-cash-flow-to-current-liabilities ratio for Smith & Sons.
Round answer to two decimal places.
Answer
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The Customer Satisfaction Audit
Authors: Abram I Bluestein, Michael Moriarty, Ronald J Sanderson
1st Edition
190243398X, 978-1902433981
