Question: CH 1 4 4 Working Capital and Short - Term Firm Liquidity Ratios Favor Company has a current ratio of 2 . 0 8 on
CHWorking Capital and ShortTerm Firm Liquidity Ratios
Favor Company has a current ratio of on December On that date its current assets are as follows:
Favor Company's current liabilities at the beginning of the year were $ and during the year its operating activities provided a cash flow of $
a What are the firm's current liabilities at December
b What is the firm's working capital on December
c What is the quick ratio on December
Round answer to decimal places.
d What is the firm's operatingcashflowtocurrentliabilities ratio?
Round answer to decimal places.
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