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3 years ago

Colorado Corporation's financial statements include the following information:

Business

1 answer:

timofeeve [1]3 years ago

8 0

Answer:

2.5 times

Explanation:

The computation of the current ratio is shown below:

As we know that

Current ratio = Total Current assets ÷ total current liabilities

So by applying the formula, the current ratio is

= $163,500 ÷ $65,400

= 2.5 times

It shows a relationship between the current assets and the current liabilities plus it always expressed in times form

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3 years ago

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3 years ago

Pendant Publishing is considering a new product line that has expected sales of $1,100,000 per year for each of the next 5 years

Katyanochek1 [597]

Answer:

The operating cash flow of year 1 for the company is $368,500

Explanation:

In order to calculate the operating cash flow of year 1 for the company first we need to calculate the Cashflow before tax and depreciation as follows:

Cashflow before tax=Sales-Variable cost-fixed cost

Cashflow before tax=$1,100,000-$450,000-$180,000

Cashflow before tax=$470,000

Depreciation = Original cost - Salvage / fixed Cost

Depreciation= $1,200,000 - $300,000 / 5

= $180,000

Therefore, to calculate the operating cash flow of year 1 for the company we would have to make the following calculation:

Operating Cash Flow=(CFBT×65%)+Depreciation×35%

Operating Cash Flow=($470,000×65%)+($180,000×35%)

Operating Cash Flow=$368,500

The operating cash flow of year 1 for the company is $368,500

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3 years ago