The following data are available for Saffron City a large
The following data are available for Saffron City, a large discount retailer.
Required:
(a) Compute Saffron City’s earnings per share and cash flow per share for each year.
(b) For each year, express Saffron City’s earnings per share as a percentage of its cash flow per share.
(c) What factors possibly accounted for Saffron City’s net cash flow from operating activities being less than the firm’s net income in 2007 and 2009? Why would a potential investor in this firm want to identify these factors?
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