Question: A comparative balance sheet for Harrison Corporation is presented below. Cash dividends of $30,000 were declared and paid. Bonds payable of $25,000 were converted to

A comparative balance sheet for Harrison Corporation is presented below. Cash dividends of $30,000 were declared and paid. Bonds payable of $25,000 were converted to common stock Instructions Prepare a statement at cash flows for 2014. Compute the current ratio (current assets current ilabilities) as of December 31, 2013 and 2014 and compute free cash flow for the sear 2014. In light of the analysis in(n), comment on Harrison's illiquidity and financial flexibility

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