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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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