Ratio AnalysisConsider the following information taken from GER's financial statements: September 30(in thousands) 2020 2019Current assets: Cash and cash equivalents$1,274$6,450 Receivables30,07116,548 Inventories31,79614,072 Other current assets4,8182,620 Total current assets$67,959$39,690Current liabilities: Current portion of long-term debt$97$3,530 Accounts payable23,12411,228 Accrued compensation costs5,6061,929 Accrued expenses9,1085,054 Other current liabilities874777 Total current liabilities$38,809$22,518Also, GER's operating cash flows were $11,255 and $13,736 in 2020 and 2019, respectively.4. Calculate the operating cash flow ratios for 2020 and 2019. Operating Cash Flow Ratio2020fill in the blank 72019fill in the blank 8

Operating Cash Flow Ratio: The operating cash flow ratio is the relationship between operating cash…

Answered: Ratio Analysis Consider the following…

Cornerstones of Financial Accounting

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Chapter8: Current And Contingent Liabilities

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Problem 80BPSB: Ratio Analysis Consider the following information taken from Chicago Water Slides (CWSs) financial...

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Ratio Analysis

Consider the following information taken from GER's financial statements:

	September 30 ^{(in thousands)}
	2020		2019
Current assets:
Cash and cash equivalents	$1,274	$6,450
Receivables	30,071	16,548
Inventories	31,796	14,072
Other current assets	4,818	2,620
Total current assets	$67,959	$39,690
Current liabilities:
Current portion of long-term debt	$97	$3,530
Accounts payable	23,124	11,228
Accrued compensation costs	5,606	1,929
Accrued expenses	9,108	5,054
Other current liabilities	874	777
Total current liabilities	$38,809	$22,518

Also, GER's operating cash flows were $11,255 and $13,736 in 2020 and 2019, respectively.

4. Calculate the operating cash flow ratios for 2020 and 2019.

	Operating Cash Flow Ratio
2020	fill in the blank 7
2019	fill in the blank 8

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