Question
The following amounts have been taken from the recent financial statements for Bright Star Industries: Current Liabilities (1/1/2016) Current Liabilities (12/31/2016) Cash from Operations Expenditures
The following amounts have been taken from the recent financial statements for Bright Star Industries:
| Current Liabilities (1/1/2016) | Current Liabilities (12/31/2016) | Cash from Operations | Expenditures on PPE |
| $2,480,000 | $2,600,000 | $6,650,000 | $1,120,000 |
To the closest hundredth, which of the following amounts is Bright Stars operating cash flow to current liabilities ratio?
| 2.62 | ||
| 1.09 | ||
| 2.09 | ||
| 1.75 |
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The Why And How Of Auditing Auditing Made Easy
Authors: Charles B. Hall
1st Edition
0578519739, 978-0578519739
