Question
Use the selected data from Britt Companys financial statements to answer the questions that follow: 2010 Cash $22,000 Accounts Receivable $42,000 Inventory $22,000 Prepaid Expenses
Use the selected data from Britt Companys financial statements to answer the questions that follow:
| 2010 | |
| Cash | $22,000 |
| Accounts Receivable | $42,000 |
| Inventory | $22,000 |
| Prepaid Expenses | $23,000 |
| Total Current Assets | $109,000 |
| Total Current Liabilities | $65,000 |
| Net Cash Flows from Operating Activities | $16,000 |
Refer to the selected financial data for Britt Company. The operating cash flow ratio for 2010 is
| a. | 4.0625 | |
| b. | 0.246 | |
| c. | 0.147 | |
| d. | 0.072 |
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Winning Your Audit Prepare Diligently Be Realistic Then Stand Your Ground
Authors: Holmes F. Crouch
2nd Edition
0944817319, 978-0944817315
