Sergey Co. has net cash provided by operating activities of$1,200,000. Its average current liabilities for the period are$1,000,000, and its average total liabilities are $1,500,000.Comment on the company’s liquidity and financial flexibility,given this information.
Sergey Co. has net cash provided by operating activities of$1,200,000. Its average current liabilities for the period are$1,000,000, and its average total liabilities are $1,500,000.Comment on the company’s liquidity and financial flexibility,given this information.
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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Sergey Co. has net cash provided by operating activities of
$1,200,000. Its average current liabilities for the period are
$1,000,000, and its average total liabilities are $1,500,000.
Comment on the company’s liquidity and financial flexibility,
given this information.
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