Taylor Company reports free cash flow of ($ 15,000), total cash of ($ 18,000), net income of
Question:
Taylor Company reports free cash flow of \(\$ 15,000\), total cash of \(\$ 18,000\), net income of \(\$ 50,000\), current assets of \(\$ 90,000\), average current liabilities of \(\$ 38,400\), and cash flow from operating activities of \(\$ 48,000\). Compute the operating-cash-flow-to-current-liabilities ratio for Taylor Company.
a. 0.83
b. 0.80
c. 0.30
d. 1.25
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: