Question
Boogle reported net income of $801million and net cash flow inflow from from operating activities of $1,260 million. During 2018 Boogle's net income was $595
Boogle reported net income of $801million and net cash flow inflow from from operating activities of $1,260 million. During 2018 Boogle's net income was $595 million and net cash flow from operations was $1,317. million. Which of the following is incorrect about the quality of income ratios? what is the answer? The ratio in both years show the company's ability to generate positive cash flow from its operating activities or Boggle's quality of income ratios indicate poor performance because net income is less than cash flow or The ratio in 2018 was better than the ratio in 2019 or In 2018 the ratio was 2.2 and in 2019 was1.6.
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