In 20x2, Portillo Corporation had year-end assets of $550,000, net sales of $790,000, net income of S90.000,

Question:

In 20x2, Portillo Corporation had year-end assets of $550,000, net sales of $790,000, net income of S90.000, net cash flows from operating activities of SI 80,000, purchases of plant assets of SI 20,000, and sales of plant assets of 520,000, and it paid dividends of

$40,000. In 20x1, year-end assets were S500,000. Calculate the cash-generating efficiency ratios of cash flow yield, cash flows to sales, and cash flows to assets. Also calcu- late free cash flow.L01

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting

ISBN: 9780618310746

8th Edition

Authors: Belverd E. Needles Jr,, Marian Powers

Question Posted: