Question: Cash-Generating Efficiency Ratios and Free Cash Flow E9A. Business Application In 2014, Andys Corporation had year-end assets of $2,400,000, sales of $3,300,000, net income of
Cash-Generating Efficiency Ratios and Free Cash Flow E9A. Business Application
In 2014, Andys Corporation had year-end assets of $2,400,000,
sales of $3,300,000,
net income of $280,000,
net cash flows from operating activities of $390,000,
dividends of $120,000,
purchases of plant assets of $500,000, and
sales of plant assets of $90,000.
In 2013, year-end assets were $2,100,000. Calculate free cash flow and the cash-generating efficiency ratios of cash flow yield, cash flows to sales, and cash flows to assets. (Round to one decimal point or the nearest tenth of a percent.)
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