Using the data from the financial statements of Stanford, Inc., that follow compute the companys cash flow
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Using the data from the financial statements of Stanford, Inc., that follow compute the company’s cash flow yield, cash flows to sales, cash flows to assets, and free cash flow. (Round to one decimal place.)
Net sales ..................$3,200,000
Net income ................ 352,000
Net cash flows from operating activities ..... 456,000
Total assets, beginning of year ......... 2,890,000
Total assets, end of year ............ 3,120,000
Cash dividends ............... 120,000
Net capital expenditures ............. 298,000
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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