Following are totals from selected financial statements of Magdalene Corporation for the years ended December 31, 2019

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Following are totals from selected financial statements of Magdalene Corporation for the years ended December 31, 2019 and 2020:

12/31/19 12/31/20 $ 82,000 Cash flows provided by operating activities Cash flows provided by investing activities Cash


Required:
1. Next Level Calculate the operating cash flow ratio for the year ended December 31, 2020. What information does this provide about the company?
2. Next Level Calculate the operating cash flow to total liabilities ratio for the year ended December 31, 2020. What information does this provide about the company?

Financial Statements
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...
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For  book-img-for-question

Intermediate Accounting Reporting and Analysis

ISBN: 978-1337788281

3rd edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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