Refer to the statement of cash flows for both Kelloggs and General Mills for the most recent
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1. Compute each company’s cash flow adequacy ratio for the most recent year.
2. What do the ratios computed in (1) tell you about each company’s cash flow adequacy? Which company’s ratio is higher?
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Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
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