Ann and Valeria are screening for companies that have strong recurring cash flow, which they believe will
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They have erred in entering their search criteria. Mature companies have sales growth that outpaces expense growth. Mature companies are cash-rich because they are able to leverage existing capital investment. They have identified mature companies that carry a lot of debt.
Related Book For
Auditing and Assurance Services A Systematic Approach
ISBN: 978-1259162343
9th edition
Authors: William Messier, Steven Glover, Douglas Prawitt
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