Ritter Company has a current ratio of 3.00 on December 31. On that date the company's current

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Ritter Company has a current ratio of 3.00 on December 31. On that date the company's current assets are as follows:

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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 Bell's operating-cash-flow-to-current-liabilities ratio?

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Financial Accounting For Undergraduates

ISBN: 9781618533081

4th Edition

Authors: Wallace

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Question Posted: May 18, 2024 11:11 PM

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Ritter Company has a current ratio of 3.00 on December 31. On that date the company's current

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Cash.... Short-term investments Accounts receivable (net). Inventory..... Prepaid expenses.. Current assets $ 32,000 49,300 170,000 200,000 11,600 $462,900

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Financial Accounting For Undergraduates

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