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Working Capital and Short Term Liquidity Ratios Ritter Company has a current ratio of 3.00 on December 31. On that date the company's current assets

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Working Capital and Short Term Liquidity Ratios Ritter Company has a current ratio of 3.00 on December 31. On that date the company's current assets are as follows: Cash $32.000 Short-term investments 49.300 Accounts receivable (net) 170,000 Inventory 200,000 Prepaid expenses 11,600 Current assets 5462,900 Ritter Company's current liabilities at the beginning of the year were $150,000 and during the year its operating activities provided a cash flow of $60,000 a. What are the firm's current liabilities on December 31? $ 154,300 b. What is the firm's working capital on December 31? $ 308,600 c. What is the quick ratio on December 31? Round answer to 2 decimal places. 1.63 d. What is the Ritter's operating-cash-flow-to-current-liabilities ratio? Round answer to 2 decimal places. 0 X

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