Question
From question #8, Text2Code (T2C) Companys Financial Statements indicate that in addition to Net Income, and Depreciation Expense (non-cash charge on the income statement), that
From question #8, Text2Code (T2C) Companys Financial Statements indicate that in addition to Net Income, and Depreciation Expense (non-cash charge on the income statement), that in 2020 additional cash flow from operations of $15,600 was added to the year end cash account. What is T2Cs CASH FLOW TO TOTAL ASSET RATIO (CFTA)?
Often 10% is considered a reasonable cash flow to total asset ratio. Comment on T2Cs CFTA RATIO. What activities and events over the course of the year contributed to the ratio?
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Cost Accounting
Authors: Jawahar Lal, Seema Srivastav
6th Edition
9353168384, 978-9353168384
