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  3. favor company has a current ratio of 2.08 on decem

Favor Company has a current ratio of 2.08 on December 31. On that date its...

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Accounting

Favor Company has a current ratio of 2.08 on December 31. On that date its current assets are as follows:
Cash and cash equivalents $29,000
Short-term investments 88,000
Accounts receivable (net)125,000
Inventory 179,950
Prepaid expenses 10,980
Current assets $432,930
Favor Company's current liabilities at the beginning of the year were $195,000 and during the year its operating activities provided a cash flow of $33,830.
a. What are the firm's current liabilities at December 31?
Round answer to the nearest whole number.
Answer
0
b. What is the firm's working capital on December 31?
Round answer to the nearest whole number.
Answer
0
c. What is the quick ratio on December 31?
Round answer to 2 decimal places.
Answer
0
d. What is the firm's operating-cash-flow-to-current-liabilities ratio?
Round answer to 2 decimal places.
Answer
0

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