there are three major financial statements are ordinarily required for external reports an income statement, a balance sheet, and a statement of cash flows. The purpose of the statement of cash flow is to highlight the major activities that directly and indirectly affect cash flows and hence affect the overall cash balance. Managers focus on cash flow statements for a very good reason without enough cash balance at the right time; a company may miss excellent opportunities or may even fall into bankruptcy. Does cash flow yield measure the net cash flows from operating activities about net income?