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What are the firm current liabilities on december

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Reference no: EM133139827

Question - 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

$462,900

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?

b. What is the firm's working capital on December 31?

c. What is the quick ratio on December 31?

d. What is the Ritter's operating-cash-flow-to-current-liabilities ratio?

Reference no: EM133139827

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