Use a business library or the Internet to identify several recent articles discussing cash flow-based ratios that can be used in financial statement analysis.

Required

a. Compare and contrast the cash flow-based ratios presented in this text with those in the articles you selected.

b. Discuss the advantages and disadvantages of any new cash flow-based ratios that are described in these articles. If these articles consistently support several new cash flow-based ratios, focus your attention on these new ratios.

c. Apply these new ratios from part b to an analysis of Wendy’s (see Appendix D). Compare the results of using these new cash flow-based ratios with the results obtained using the ratios described in this text.