Ritter Company has a current ratio of 3.00 on December 31. On that date the company’s current assets are as follows: Cash $32,000

Short-term investments 49,300

Accounts receivable (net) 170,000

Inventory 200,000

Prepaid expenses 11,600

Current assets $462,900

Ritter Company’s current liabilities at the beginning of the year were $150,000 and during the year its operating activities provided a cash flow of $60,000.

a. What are the firm’s current liabilities on December 31?

$Answer

154,300

b. What is the firm’s working capital on December 31?

$Answer

308,600

c. What is the quick ratio on December 31?

Round answer to 2 decimal places.

Answer

1.63

d. What is the Ritter’s operating-cash-flow-to-current-liab ilities ratio?

Round answer to 2 decimal places.

Answer
.39

answer; (10%) commission;

answer; synthetic production system;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.