Question: please assist to answer ASAP Based on their cash flows, which company looks better? Give your reasons Thompson Technology, Inc., and Beaudoin Catering Corporation are
please assist to answer ASAP
Based on their cash flows, which company looks better? Give your reasons
Thompson Technology, Inc., and Beaudoin Catering Corporation are asking you to recommend their stock to your clients. Because Thompson and Beaudoin earn about the same net income and have similar financial positions, your decision depends on their statements of cash flows, which are summarized as follows: Beaudoin Net cash provided by operating activities: ....................... Cash provided by (used for) investing activities: Purchase of plant assets Sale of plant assets Cash provided by (used for) financing activities: Issuance of common stock ..................................... Paying off long-term debt Net increase in Based on their cash flows, which company looks better? Give your reasons. Thompson s 30,000 40,000 20,000 (40,000) s 10,000 10,000 s 70,000 (90,000) 30,000 s 10,ooo
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