Use the Following Information for the First Year of Operations

question 45

Multiple Choice

Use the following information for the first year of operations for Layton Novelties,Inc.to answer the following question.Use ending balances whenever average balances are required for computing ratios. Cash flow from operating expenses for Layton Novelties is $32,400.
The cash flow yield for Layton Novelties is

• A) 1.5 times.
• B) .67 times
• C) .405 times.
• D) 2.5 times.

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Limited Liability Companies, a flexible form of enterprise that blends elements of partnership and corporate structures.

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A type of corporation that meets specific IRS requirements, allowing income and losses to be passed through to shareholders and taxed at individual rates.

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