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Cash Flow Adequacy A company generated $1,458,500 from its operating activities and spent $897,500 on additions to its plant and equipment during the year. The
Cash Flow Adequacy
A company generated $1,458,500 from its operating activities and spent $897,500 on additions to its plant and equipment during the year. The total amount of debt that matures in the next five years is $425,000. Compute the company's cash flow adequacy ratio for the year. Round your answer to one decimal place.
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