Press Inc. reported the following information in its annual report for 2010. Cash flows from operating activities
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Press Inc. reported the following information in its annual report for 2010. Cash flows from operating activities $295,000 Capital Expenditures 110,000 Proceeds from disposals of property, plant and equipment 57,000 Total payments expected to retire long-term debt over the next 5 years 200,000 What is the cash flow adequacy ratio for2010 for Press?
a. 7.375
b. 4.625
c. .925
d. 6.050
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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