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.3. Riverside Memorial's primary financial statements are presented in exhibits 17.1,17.2, and 17.3. a. Calculate Riverside's financial ratios for 2019 . Assume that Riverside had
.3. Riverside Memorial's primary financial statements are presented in exhibits 17.1,17.2, and 17.3. a. Calculate Riverside's financial ratios for 2019 . Assume that Riverside had $1,000,000 in lease payments and $1,400,000 in debt principal repayments in 2019. (Hint: Use the book discussion to identify the applicable ratios.) Cash flows from operating activities: EXHIBIT 17.1 Cash flows from investing activities: Investment in property and equipment ($4,293) Investment in short-term securities (2,000) Net cash flow from investing ($6,293) Cash flows from financing activities: \begin{tabular}{lr} Nonoperating income & $2,098 \\ Repayment of long-term debt & (2,150) \\ Repayment of notes payable & (3,262) \\ Lease principal repayment & (323) \\ Net cash flow from financing & ($3,637) \\ increase (decrease) in cash and equivalents & ($832) \\ inning cash and equivalents & 3,095 \\ \hline ing cash and equivalents & $2,263 \end{tabular} EXHIBIT 17.2 EXHIBIT 17.3
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