Identify the quality red flags for 2009 in the following portion of a cash flow statement. Revenues
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n Millions Net income Depreciation Change in accounts receivable, net Change in accrued expenses Change in deferred revenue Change in estimate of restructuring charge Cash flow from operating activities Cash in investing activities: 2009 2008 $36.5 46.0 (33.3 12.4 (22.5) (22.0) 17.1 $28.3 63.0 12.2 (5.2) 12.3 110.6 Capital expenditure 61.0 1S8.0
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Red Flags 1 Net income as a percentage of cash flow from operations has incre...View the full answer
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