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Rhodes Bakery The Balance Sheet Taken from the Company's 2020 10-K Is

Question 72

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Rhodes Bakery
The balance sheet taken from the company's 2020 10-K is provided below: Rhodes Bakery The balance sheet taken from the company's 2020 10-K is provided below: -Refer to Rhodes Bakery. Calculate the following short-term liquidity ratios for 2020 and 2019: Current Ratio, Quick Ratio, Cash Ratio, and Operating Cash Flow Ratio. Cash flows from operations were $75,500 and $50,500 for 2020 and 2019, respectively. Round your answers to two decimal places. Comment on the company's short-term liquidity.
-Refer to Rhodes Bakery. Calculate the following short-term liquidity ratios for 2020 and 2019: Current Ratio, Quick Ratio, Cash Ratio, and Operating Cash Flow Ratio. Cash flows from operations were $75,500 and $50,500 for 2020 and 2019, respectively. Round your answers to two decimal places. Comment on the company's short-term liquidity.

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2020:
Current Ratio:
$98,600 current ass...

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