The following pertains to the Excelsior Corp.for the year ended December 31,2014.
Prepare a statement of cash flows in good form using the indirect method.Calculate the cash flow to net income and cash flow adequacy ratios for the company.
Definitions:
Economic Growth
An increase in the capacity of an economy to produce goods and services, compared from one period of time to another.
Life Expectancy
The average number of years a person is expected to live based on demographic factors such as current age and gender, typically derived from statistical analysis.
Literacy Rate
The percentage of people within a population who are able to read and write at a specified age.
Economic Growth
An increase in the production of goods and services in an economy over a period of time, measured by changes in the gross domestic product (GDP).
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