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The quarterly cash flows from operations of two technology companies are given as follows (unit: million) 2020 2021 Q1 Q2 Q3 Q4 Q1 Firm
The quarterly cash flows from operations of two technology companies are given as follows (unit: million) 2020 2021 Q1 Q2 Q3 Q4 Q1 Firm A $ 451.20 $ 220.80 $ 703.50 $ 475.50 $ 601.20 Firm B $ 165.90 $ 240.70 $ 698.80 $ (91.80) $ (173.30) Required: Explain why Firm B has more credit risk than Firm A. TAB I
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Understanding financial statements
Authors: Lyn M. Fraser, Aileen Ormiston
9th Edition
136086241, 978-0136086246
