11 Your answer is incorrect. Try again. Tamarisk, Inc. reported the following se
ID: 2609181 • Letter: 1
Question
11 Your answer is incorrect. Try again. Tamarisk, Inc. reported the following selected information at Ma Total current assets Total assets Total current liabilities Total liabilities Net cash provided by operating activities 2017 $235,000 435,000 288,00o 375,000 62,400 Calculate the current ratio, the debt to assets ratio, and free cash f $10,900 and spent $23,900 on capital expenditures. (Round curre e.g. 15.25. If answer is negative enter it with a negative sign parentheses e.g.(15,000) ] Current ratio Debt to assets Free cash flow 86.21 % 36.500 LINK TO TEXT INTERACTIVE TUTOR Pnvaurolicy I 2000-20ialohr Viley as na ina All Rights Reserved. A Division om/edugen/shared/a t/test/aglist. uni ?id-asnmt2 1 50480 #N 100 1A SMSUNG 480Explanation / Answer
Computation of Current Ratio
Current Ratio = Current Assets/Current Liabilities
Current Ratio = 235000/288000
Current Ratio = 0.82
Computation of Debt to Assets Ratio
Debt to Assets Ratio = Total Liabilities/Total Assets
Debt to Assets Ratio = 375000/435000
Debt to Assets Ratio = 86.21%
Computation of Free Cash Flows
Net Cash provided by operating activities
62400
Less: Dividends
10900
Less: Capital Expenditures
25900
Free Cash Flows
25600
Computation of Current Ratio
Current Ratio = Current Assets/Current Liabilities
Current Ratio = 235000/288000
Current Ratio = 0.82
Related Questions
Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.