The comparative balance sheets of Buffalo Corporation at the beginning and end of the year...
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Accounting
The comparative balance sheets of Buffalo Corporation at the beginning and end of the year 2020 appear below. Net income of $45,140 was reported, and dividends of $34,610 were paid in 2020 . New equipment was purchased and none was sold. 15,000 or in Compute the current ratio (current assets ; current liabilities) as of January 1, 2020, and December 31, 2020. (Round ratios to 1 decimal place, e.g. 4.5.) Compute free cash flow for the year 2020. (Show amounts that decrease cash flow with either a-sign e.g. 15,000 or in parenthesis e.g. (15,000)
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