Question
A recent annual report for BubbliCo contained the following information for the period (dollars in millions): Net income$5,158Depreciation and amortization1,559Increase in accounts receivable569Increase in inventory358Increase
A recent annual report for BubbliCo contained the following information for the period (dollars in millions):
Net income$5,158Depreciation and amortization1,559Increase in accounts receivable569Increase in inventory358Increase in prepaid expense71Increase in accounts payable725Decrease in taxes payable199Increase in other current liabilities757Cash dividends paid2,556Treasury stock purchased4,725
9.
Required information
Required:
1.Compute cash flows from operating activities for BubbliCo using the indirect method.(Enter your answer in decimals, not in percentages, rounded to 2 decimal places. List cash outflows as negative amounts.)
10.
Required information
2.Compute the quality of income ratio.(Round your answer to 2 decimal places.)
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