Ratio Analysis Following are totals from selected financial statements of Magdalene Corporation for the years ended December 31, 2019 and 2020: 12/31/19 12/31/20 Cash flows provided by operating activities $102,000 $88,000 Cash flows provided by investing activities 19,000 34,000 Cash flows used by financing activities (43,000) (58,000) Net increase in cash $78,000 $64,000 Net income $61,000 $31,000 Current assets 120,000 137,000 Total assets 576,000 661,000 Current liabilities 86,000 113,000 Total liabilities 344,000 411,000 Required: 1. Next Level Calculate the operating cash flow ratio for the year ended December 31, 2020. If required, round your answer to two decimal places. Operating cash flow ratio = 2. Next Level Calculate the operating cash flow to total liabilities ratio for the year ended December 31, 2020. If required, round your answer to two decimal places. Operating cash flow to total liabilities ratio =
Ratio Analysis Following are totals from selected financial statements of Magdalene Corporation for the years ended December 31, 2019 and 2020: 12/31/19 12/31/20 Cash flows provided by operating activities $102,000 $88,000 Cash flows provided by investing activities 19,000 34,000 Cash flows used by financing activities (43,000) (58,000) Net increase in cash $78,000 $64,000 Net income $61,000 $31,000 Current assets 120,000 137,000 Total assets 576,000 661,000 Current liabilities 86,000 113,000 Total liabilities 344,000 411,000 Required: 1. Next Level Calculate the operating cash flow ratio for the year ended December 31, 2020. If required, round your answer to two decimal places. Operating cash flow ratio = 2. Next Level Calculate the operating cash flow to total liabilities ratio for the year ended December 31, 2020. If required, round your answer to two decimal places. Operating cash flow to total liabilities ratio =
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ratio Analysis
Following are totals from selected financial statements of Magdalene Corporation for the years ended December 31, 2019 and 2020:
| 12/31/19 | 12/31/20 | |||
|---|---|---|---|---|
| $102,000 | $88,000 | |||
| Cash flows provided by investing activities | 19,000 | 34,000 | ||
| Cash flows used by financing activities | (43,000) | (58,000) | ||
| Net increase in cash | $78,000 | $64,000 | ||
| Net income | $61,000 | $31,000 | ||
| Current assets | 120,000 | 137,000 | ||
| Total assets | 576,000 | 661,000 | ||
| Current liabilities | 86,000 | 113,000 | ||
| Total liabilities | 344,000 | 411,000 |
Required:
1. Next Level Calculate the operating cash flow ratio for the year ended December 31, 2020. If required, round your answer to two decimal places.
Operating cash flow ratio =
2. Next Level Calculate the operating cash flow to total liabilities ratio for the year ended December 31, 2020. If required, round your answer to two decimal places.
Operating cash flow to total liabilities ratio =
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