You are provided with the following information from the statement of cash flows for Precedent Ltd: Required
Question:
You are provided with the following information from the statement of cash flows for Precedent Ltd:
Required
Calculate the following cash sufficiency ratios for Precedent Ltd for 2017 and 2016:
1. Cash flow adequacy ratio
2. Repayment of longterm borrowings ratio
3. Dividend payment ratio.
Transcribed Image Text:
Cash flow from operating activities Repayment of longterm borrowings Assets acquired Dividends paid 2017 $640 120 820 220 2016 $680 135 280 220
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Related Book For
Financial Accounting
ISBN: 9781118608203
9th Edition
Authors: John Hoggett, Lew Edwards, John Medlin, Keryn Chalmers, Jodie Maxfield, Andreas Hellmann, Claire Beattie
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Related Video
In order to determine the amount of cash created by operating operations, the indirect technique for preparing the statement of cash flows entails adjusting net income with changes in balance sheet.
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