Zenon Company wants to know if its liquidity has improved. Calculate its cash flow yield for 2011
Question:
Zenon Company wants to know if its liquidity has improved. Calculate its cash flow yield for 2011 and 2010 using the following data.
Net Income, 2011 ................$5,000
Net Income, 2010 ................4,300
Cash Flows from Operating Activities, 2011 ......6,000
Cash Flows from Operating Activities, 2010 ......5,500
By this measure, has liquidity improved? Explain your answer.
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