What is a hotel’s operating cash flow to current liabilities, if the property recorded in 2006...
What is a hotel’s operating cash flow to current liabilities, if the property recorded in 2006 an operating cash flow of $9,418,717? The property’s total liabilities in 2006 were $9,450,000 of which 38.6% were current. In 2005, the hotel’s total liabilities were $8,900,000 of which 34.2% were current.
Round your answer to three decimal points.
operating cash flow to current liabilities = ___
Homework Answers
Ans: Operating cash flow to current liabilities= Cash flow/ Current liabilities (in 2006)
= 9,418,717/ 9,450,000*38.6%
= 9,418,717/ 3,647,700
= 2.582 times
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What is a hotel’s operating cash flow to current liabilities, if
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