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The following amounts have been taken from the recent financial statements for Sirius Industries: Current Liabilities (1/1/2013) $1,240,000 Current Liabilities (12/31/2013) $1,300,000 Cash from Operations Expenditures on PPE $2,660,000 $560,000 To the closest hundredth, which of the following amounts is Sirius's operating cash flow to current liabilities ratio? A. 2.09 B. 2.05 C. 1.09 D. 1.75

The following amounts have been taken from the recent financial statements for Sirius Industries: Current Liabilities (1/1/2013) $1,240,000 Current Liabilities (12/31/2013) $1,300,000 Cash from Operations Expenditures on PPE $2,660,000 $560,000 To the closest hundredth, which of the following amounts is Sirius's operating cash flow to current liabilities ratio? A. 2.09 B. 2.05 C. 1.09 D. 1.75

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following amounts have been taken from the recent financial statements for Sirius Industries: Current Liabilities (1/1/2013) $1,240,000 Current Liabilities (12/31/2013) $1,300,000 Cash from Operations Expenditures on PPE $2,660,000 $560,000 To the closest hundredth, which of the following amounts is Sirius's operating cash flow to current liabilities ratio? A. 2.09 B. 2.05 C. 1.09 D. 1.75
Transcribed Image Text:The following amounts have been taken from the recent financial statements for Sirius Industries: Current Liabilities (1/1/2013) $1,240,000 Current Liabilities (12/31/2013) $1,300,000 Cash from Operations Expenditures on PPE $2,660,000 $560,000 To the closest hundredth, which of the following amounts is Sirius's operating cash flow to current liabilities ratio? A. 2.09 B. 2.05 C. 1.09 D. 1.75
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