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The following information is from the financial statements of Smith & Sons. Cash flow from operating activities $2,100,000 Capital expenditures 1,190,000 Current liabilities, beginning of
The following information is from the financial statements of Smith & Sons.
Cash flow from operating activities $2,100,000 Capital expenditures 1,190,000 Current liabilities, beginning of year 360,000 Current liabilities, end of year 432,000
Calculate the operating-cash-flow-to-current-liabilities ratio for Smith & Sons.
Round answer to two decimal places.
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