You are provided with the following information from the statement of cash flows for Precedent Ltd: Required
Question:
You are provided with the following information from the statement of cash flows for Precedent Ltd:
Required
Calculate the following cash sufficiency ratios for Precedent Ltd for 2017 and 2016:
1. Cash flow adequacy ratio
2. Repayment of long-term borrowings ratio
3. Dividend payment ratio.
Transcribed Image Text:
Cash flow from operating activities Repayment of long-term borrowings Assets acquired Dividends paid 2017 $640 120 820 220 2016 $680 135 280 220
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Related Book For
Financial Accounting
ISBN: 9781118608203
9th Edition
Authors: John Hoggett, Lew Edwards, John Medlin, Keryn Chalmers, Jodie Maxfield, Andreas Hellmann, Claire Beattie
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In order to determine the amount of cash created by operating operations, the indirect technique for preparing the statement of cash flows entails adjusting net income with changes in balance sheet.
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