(Analyzing the quality of firm earnings) Kabutell, Inc. had net income of $700,000, cash flow from financing activities of $50,000, depreciation expenses of $80,000, and cash flow from operating activities of $550,000. a. Calculate the quality of earnings ratio. What does this ratio tell you? b. Kabutell, Inc. reported the following in its annual reports for 2011-2013: 2012 $405 $448 2013 $469 $455 ($ million) 2011 Cash Flow from Operations $480 Capital Expenditures (CAPEX) $457 (Click on the icon in order to copy its contents into a spreadsheet.) Calculate the average capital acquisitions ratio over the three-year period. How would you interpret these results?

activities of $550,080 2. Calaulase the qualify of eaenings rato. What does tis ratio let you? b. Katulet, inc. reported the folosing in is arruil resorts for 20112513. Calcilate the average capital acquisitions rate ower the three year perod. How would you interpret these resuls