Consider the following information taken from GER's financial statements: September 30 (in thousands) Current assets: Cash and cash equivalents Receivables Inventories Other current assets Total current assets Current liabilities: Current portion of long-term debt 2020 $1,274 30,071 31,796 4,818 $67,959 $97 23,124 5,606 9,108 $6,450 16,548 14,072 2,620 $39,690 874 Accounts payable Accrued compensation costs Accrued expenses Other current liabilities Total current liabilities $38,809 $22,518 Also, GER's operating cash flows were $14,747 and $14,862 in 2020 and 2019, respectively. Required: Round your answers to two decimal places. 1) Calculate the quick ratios for 2020 and 2019. 2) Calculate the operating cash flow ratios for 2020 and 2019. $3,530 11,228 1,929 5,054 2019 777

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Consider the following information taken from GER's financial statements:
September
30
(in thousands)
Current assets:
Cash and cash equivalents
Receivables
Inventories
Other current assets
Total current assets
Current liabilities:
Current portion of long-term
debt
2020
$1,274
30,071
31,796
4,818
$67,959
$97
23,124
5,606
9,108
$6,450
16,548
14,072
2,620
$39,690
874
Accounts payable
Accrued compensation costs
Accrued expenses
Other current liabilities
Total current liabilities
$38,809
$22,518
Also, GER's operating cash flows were $14,747 and $14,862 in 2020 and 2019, respectively.
Required:
Round your answers to two decimal places.
1) Calculate the quick ratios for 2020 and 2019.
2) Calculate the operating cash flow ratios for 2020 and 2019.
$3,530
11,228
1,929
5,054
2019
777
Transcribed Image Text:Consider the following information taken from GER's financial statements: September 30 (in thousands) Current assets: Cash and cash equivalents Receivables Inventories Other current assets Total current assets Current liabilities: Current portion of long-term debt 2020 $1,274 30,071 31,796 4,818 $67,959 $97 23,124 5,606 9,108 $6,450 16,548 14,072 2,620 $39,690 874 Accounts payable Accrued compensation costs Accrued expenses Other current liabilities Total current liabilities $38,809 $22,518 Also, GER's operating cash flows were $14,747 and $14,862 in 2020 and 2019, respectively. Required: Round your answers to two decimal places. 1) Calculate the quick ratios for 2020 and 2019. 2) Calculate the operating cash flow ratios for 2020 and 2019. $3,530 11,228 1,929 5,054 2019 777
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