Free cash flow is the excess of operating cash flow over the basic needs.

Cash ratio = (cash + marketable securities)/current liabilities .20 = ($10,000,000 +
$ 2,000,000)/current liabilities current liabilities = $12,000,000/.2 = $60,000,000 Quick ratio = [cash + marketable securities receivables]/$60,000,000 .25 [$10,000,000 $2,000,000 + + = + receivables]/$60,000,000 ($60,000,000)(.25) = $12,000,000 + receivables $15,000,000 = $12,000,000 + receivables $15,000,000 - $12,000,000 = receivables $3,000,000 = receivables

They will wait for the expansion to give clear signs of life, as hiring new workers is an expensive process.

The balance sheet reports a company's net funded position, with the separate components, i.e. plan assets and plan liabilities, disclosed in the footnotes.

N=12, I/Y=6, PMT=5, FV=100, PV=?=91.62