The following data are taken from the balance sheet at the end of the current year. Cash Accounts receivable Inventory Prepaid expenses Marketable securities Property, plant, and equipment Accounts payable Accrued liabilities Income tax payable Notes payable, short-term. $154,000 210,000 240,000 15,000 350,000 375,000 245,000 4,000 10,000 85,000 Determin the (a) working capital, (b) current ratio, and (c) quick ratio. Round ratios to one decimal place. Mid-term Exam assignment take frame a. Work b. Current Ratio

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Operating Cash Flows

A cash flow statement (CFS) helps the company to know the amount of cash at its disposal, the activities that lead to earning cash, and the activities which require cash expenditure for a particular period. The statement represents the liquidity of the company.