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snow_lady [41]
3 years ago
8

Blossom Company reported the following selected information at March 31 Total current assets Total assets Total current liabilit

ies Total liabilities Net cash provided by operating activities 2017 $252,500 431,500 284,500 374,000 62,100 Calculate the current ratio, the debt to assets ratio, and free cash flow for March 31, 2017. The company paid dividends of $11,000 and spent $24,500 on capital expenditures. (Round current ratio and debt to assets ratio to 2 decimal places, e.g. 15.25. If answer is negative enter it with a negative sign preceding the number e.g.-15,000 or in parentheses e.g. (15,000)) Current ratio Debt to assets Free cash flow
Business
1 answer:
Bas_tet [7]3 years ago
8 0

Answer:

a. 0.89

b. 86.67%

c. $37,600

Explanation:

A. Current ratio = Current Assets / current liabilities

= 252,500 / 284,500

= 0.8875

= 0.89

B. Debt to assets ratio = Total liabilities / Total assets

=$374,000 / $431,500

=0.8667%

= 86.67%

C. Free cash flow = Net cash provided by operating activities - Capital expenditure

= $62,100 - $24,500

= $37,600

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2 years ago
Following the fall of the Soviet Union, Russia saw a rise in political freedom and the economy implemented widespread price dere
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3 years ago
When presenting a persuasive speech, one speech goal is to ask the audience members to perform a certain action, also know as pe
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Answer:

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8 0
3 years ago
Which of these is similarity between being self-employed and owning a business?
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The similarity between being self-employed and owning a business out of the above choices is that you or your business produces something. Whether you personally make it or you own a business that produces something, something is being produced. You are your own boss in both situations, you likely make all of the decisions in both but with owning your own business there is a team that can help. Normally if you are self-employed you can't take time off and generate revenue because you are the sole worker.

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3 years ago
Consider the following cash flows: Year Cash Flow 2 $ 22,200 3 40,200 5 58,200 Assume an interest rate of 9 percent per year. a.
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Answer:

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Explanation:

Giving the following information:

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4 years ago
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