Ratio Analysis Consider the following information taken from GER's financial statements: September 30 (in thousands) 2020 2019 Current assets: Cash and cash equivalents $1,274 $6,450 Receivables 30,071 16,548 Inventories 31,796 14,072 Other current assets 4,818 2,620 Total current assets $67,959 $39,690 Current liabilities: Current portion of long-term debt $97 $3,530 Accounts payable 23,124 11,228 Accrued compensation costs 5,606 1,929 Accrued expenses 9,108 5,054 Other current liabilities 874 777 Total current liabilities $38,809 $22,518 Also, GER's operating cash flows were $11,255 and $13,736 in 2020 and 2019, respectively. 4. Calculate the operating cash flow ratios for 2020 and 2019. Operating Cash Flow Ratio 2020 fill in the blank 7 2019 fill in the blank 8
Ratio Analysis Consider the following information taken from GER's financial statements: September 30 (in thousands) 2020 2019 Current assets: Cash and cash equivalents $1,274 $6,450 Receivables 30,071 16,548 Inventories 31,796 14,072 Other current assets 4,818 2,620 Total current assets $67,959 $39,690 Current liabilities: Current portion of long-term debt $97 $3,530 Accounts payable 23,124 11,228 Accrued compensation costs 5,606 1,929 Accrued expenses 9,108 5,054 Other current liabilities 874 777 Total current liabilities $38,809 $22,518 Also, GER's operating cash flows were $11,255 and $13,736 in 2020 and 2019, respectively. 4. Calculate the operating cash flow ratios for 2020 and 2019. Operating Cash Flow Ratio 2020 fill in the blank 7 2019 fill in the blank 8
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ratio Analysis
Consider the following information taken from GER's financial statements:
| September 30 (in thousands) |
|||
| 2020 | 2019 | ||
| Current assets: | |||
| Cash and cash equivalents | $1,274 | $6,450 | |
| Receivables | 30,071 | 16,548 | |
| Inventories | 31,796 | 14,072 | |
| Other current assets | 4,818 | 2,620 | |
| Total current assets | $67,959 | $39,690 | |
| Current liabilities: | |||
| Current portion of long-term debt | $97 | $3,530 | |
| Accounts payable | 23,124 | 11,228 | |
| Accrued compensation costs | 5,606 | 1,929 | |
| Accrued expenses | 9,108 | 5,054 | |
| Other current liabilities | 874 | 777 | |
| Total current liabilities | $38,809 | $22,518 |
Also, GER's operating
4. Calculate the operating cash flow ratios for 2020 and 2019.
| Operating Cash Flow Ratio | |
| 2020 | fill in the blank 7 |
| 2019 | fill in the blank 8 |
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