Following are data from the financial statements for Houma Company. Houma Company Selected Financial Statement Data For
Question:
Houma Company
Selected Financial Statement Data
For the Years Ended December 31, 2013 and 2012
.................................................................................... 2013 .................. 2012
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $35,500 ............ $ 65,200
Cash from operating activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,900 ............ 158,130
Cash paid for purchase of fixed assets . . . . . . . . . . . . . . . . . . . . . . . . 42,000 ............ 156,000
Cash paid for interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26,000 ............ 24,000
Cash paid for income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,000 ............ 25,670
Compute the following for both 2012 and 2013:
1. Cash-flow-to-net-income ratio
2. Cash flow adequacy ratio
3. Cash times interest earned ratio?
Financial Statements
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...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: