Question
You have the following financial information on Puffy Rock for the most recent fiscal year: operating costs were $23,408; depreciation expense was $2,300; net working
You have the following financial information on Puffy Rock for the most recent fiscal year: operating costs were $23,408; depreciation expense was $2,300; net working capital was $6,500; and total current liabilities was $3,000. How many days can Puffy Rock keep running with its current cash flows?
50 days
55 days
64 days
101 days
148 days
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
1st Edition
0073382256, 9780073382258
