St. Clair & Sons reported the following data: Cash flow from operations $35,000 Annual capital expenditures ...
St. Clair & Sons reported the following data:
|
Cash flow from operations |
$35,000 |
|
Annual capital expenditures |
12,500 |
|
Average current liabilities |
20,000 |
|
Net Income |
25,000 |
What is the company’s operating funds ratio?
|
A. 1.13 |
||
|
B. 1.75 |
||
|
C. 1.40 |
||
|
D. 2.80 |
Homework Answers
OPERATING FUND RATIO= CASH FLOW FROM OPERATION/ AVERAGE CURRENT LIABILITY
35000/20000=1.75
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St. Clair & Sons reported the
following data:
Cash flow from operations
$35,000
Annual capital expenditures ...
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