Following are data from the financial statements for Houma Company. Compute the following for both 2010 and
Question:
Following are data from the financial statements for Houma Company.
Compute the following for both 2010 and 2011:
1. Cash-flow-to-net-income ratio
2. Cash flow adequacy ratio
3. Cash times interest earnedratio
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Transcribed Image Text:
Houma Company Selected Financia Statement Data For the Years Ended December 31, 2011 and 2010 2011 2010 Net income Cash from operating activities Cash paid for purchase of fixed assets Cash paid for interest Cash paid for income taxes $34,000 28,900 42,000 26,000 15,000 $ 65.200 i58.130 156,000 24,000 25.670
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2011 2010 1 Cashflowtonetincome ratio 085 243 Cash from operations Net income 2 Cash flow adequ...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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