If Net Cash Flows from Operating Activities Were $388,000,net Income

question 57

Multiple Choice

If net cash flows from operating activities were $388,000,net income were $100,000,and net sales were $1,200,000,the cash flow yield would equal (Round amounts to two decimal places)

• A)$288,000.
• B)$812,000.
• C)3.88 times.
• D)3.09 times.

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Definitions:

Preference Shares

A class of ownership in a corporation that has a higher claim on assets and earnings than common shares, typically with fixed dividends and without voting rights.

NCI

Non-controlling interest, a portion of the equity in a subsidiary not attributable, directly or indirectly, to the parent company.

Consolidated Statement

Financial statements that represent the combined financials of a parent company and its subsidiaries, showing the total of assets, liabilities, and equities.

Financial Position

A snapshot of what a company owns and owes, represented on the balance sheet, including assets, liabilities, and equity at a specific point in time.