Question
The information below is for Vail Corporation for the most recent fiscal year. Current assets $ 200,000 Current liabilities 600,000 Cash provided by operating activities
- The information below is for Vail Corporation for the most recent fiscal year.
| Current assets | $ 200,000 |
| Current liabilities | 600,000 |
| Cash provided by operating activities | 2,400,000 |
| Net income | 1,200,000 |
| Capital expenditures | 800,000 |
What is Vails capital expenditure ratio?
a. 3.0
b. 2.0
c. 0.3
d. 4.0
e. None of the answer choices is correct.
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9 Keys To Successful Audits
Authors: Denise Robitaille
1st Edition
1932828680, 978-1932828689
