Question: 1 Normal 1 No Spac... Heading 1 Heading 2 Title Paragraph Styles Topic: Comparing firms using ratio analysis LO: 5 7. Consider the following 2016

1 Normal 1 No Spac... Heading 1 Heading 2 Title Paragraph Styles Topic: Comparing firms using ratio analysis LO: 5 7. Consider the following 2016 data for two manufacturing firms (S in millions): Cherokee Industries Guinea Company Average Current Liabilities $57,200 89,600 Cash from Operations $40,640 118.000 Expenditures on PPE $7,600 12,400 Dividends cash $17,200 31,600 a. Compute the operating cash flow to current liabilities ratio for each firm for 2016. b. Compute the operating cash flow to capital expenditures ratio for 2016. c. Comment on the results of your computations

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