Find the operating cash flow for the year for Harper Brothers, Inc. if it had sales revenue of $ 302,400,000 , cost of goods sold of $ 148,900,000 , sales and administrative costs of $ 39,200,000 , depreciation expense of $ 60,300,000 , and a tax rate of 40 %.
Atâ year-end, Snowâ, Inc. has cash of $ 15,000â, current accounts receivable of $ 30,000â, merchandise inventory of $ 40,200â, and prepaid expenses totaling $ 4,500. Liabilities of $ 60,000 must be paid next year. What is Snow's âacid-test ratio?
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