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Refer to Rhodes Bakery. Calculate the following short-term liquidity ratios for 2015 and 2014: Current Ratio, Quick Ratio, Cash Ratio, and Operating Cash Flow Ratio. Cash flows from operations were $75,500 and $50,500 for 2015 and 2014, respectively. Round your answers to two decimal places. Comment on the company's short-term liquidity.
Deposit
A sum of money placed into an account or given to a party as security for the fulfillment of a contract.
Return
The gain or loss on an investment over a specific period, typically expressed as a percentage of the investment's initial cost.
Annuity
An annuity is a financial product that pays out a fixed stream of payments to an individual, primarily used as an income stream for retirees.
Income
Money received, especially on a regular basis, for work or through investments.
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