Favor Company has a current ratio of on December On that date its current assets are as follows:
Cash and cash equivalents $
Shortterm investments
Accounts receivable net
Inventory
Prepaid expenses
Current assets $
Favor Company's current liabilities at the beginning of the year were $ and during the year its operating activities provided a cash flow of $
a What are the firm's current liabilities at December
Round answer to the nearest whole number.
Answer
b What is the firm's working capital on December
Round answer to the nearest whole number.
Answer
c What is the quick ratio on December
Round answer to decimal places.
Answer
d What is the firm's operatingcashflowtocurrentliabilities ratio?
Round answer to decimal places.
Answer
