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Working Capital and Short Term Liquidity Ratios Bell Company has a current ratio of 2.85 on December 31. On that date the company's current assets are as follows: Cash $16,400 Short-term investments 49,000 Accounts receivable (net) 169,000 Inventory 200,000 Prepaid expenses 11,600 Current assets $446,000 Bell Company's current liabilities at the beginning of the year were $137,000 and during the year its operating activities provided a cash flow of $55,000. a. What are the firm's current liabilities on December 31? Round answer to the nearest whole number. Answer b. What is the firm's working capital on December 31? Round answer to the nearest whole number. Answer c. What is the quick ratio on December 31?  Round answer to 2 decimal places. Answer d. What is the Bell's operating-cash-flow-to-current-liabilities ratio?  Round answer to 2 decimal places. Answer PreviousSave AnswersNext

Working Capital and Short Term Liquidity Ratios Bell Company has a current ratio of 2.85 on December 31. On that date the company's current assets are as follows: Cash $16,400 Short-term investments 49,000 Accounts receivable (net) 169,000 Inventory 200,000 Prepaid expenses 11,600 Current assets $446,000 Bell Company's current liabilities at the beginning of the year were $137,000 and during the year its operating activities provided a cash flow of $55,000. a. What are the firm's current liabilities on December 31? Round answer to the nearest whole number. Answer b. What is the firm's working capital on December 31? Round answer to the nearest whole number. Answer c. What is the quick ratio on December 31?  Round answer to 2 decimal places. Answer d. What is the Bell's operating-cash-flow-to-current-liabilities ratio?  Round answer to 2 decimal places. Answer PreviousSave AnswersNext

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...
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Working Capital and Short Term Liquidity Ratios
Bell Company has a current ratio of 2.85 on December 31. On that date the company's current assets are as follows:

Cash $16,400
Short-term investments 49,000
Accounts receivable (net) 169,000
Inventory 200,000
Prepaid expenses 11,600
Current assets $446,000


Bell Company's current liabilities at the beginning of the year were $137,000 and during the year its operating activities provided a cash flow of $55,000.

a. What are the firm's current liabilities on December 31?
Round answer to the nearest whole number.
Answer

b. What is the firm's working capital on December 31?
Round answer to the nearest whole number.
Answer

c. What is the quick ratio on December 31? 
Round answer to 2 decimal places.
Answer

d. What is the Bell's operating-cash-flow-to-current-liabilities ratio? 
Round answer to 2 decimal places.
Answer

PreviousSave AnswersNext
 
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