Develop brief answers to each of the following questions: 1. Which statements is more useful-the income statement
Question:
Develop brief answers to each of the following questions:
1. Which statements is more useful-the income statement or the statement of cash flows?
2. How would you respond to some who says that the most important item on the statement of cash flows is the change in the cash balance for the year?
3. If a company’s cash flow yield is less than 1.0, would its cash flows to sales and cash flows to assets be greater or less than profit margin and return on assets, respectively?
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1 The statements are equally useful The income statement relates most directly ...View the full answer
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