C Co.reported the following information from their statement of cash flows in millions of dollars:
(A)Calculate the quality of income ratio for C Co for the three years:
(B)In 2011,P Co.reported a quality of earnings ratio of 1.61.Compare C Co.'s quality of earnings ratio for that year to their competitor's ratio.
Definitions:
Pension Outflow
A financial term referring to payments made to retired employees or beneficiaries from a pension fund.
Lease Payment
Regular payments made by a lessee to a lessor for the use of an asset over the lease term, according to the lease agreement.
Affiliate Company
An entity that is controlled by or is under common control with another company, typically through ownership or influence.
Comparative Balance Sheet
Financial statements that present the financial position of a company at different points in time, side by side, to facilitate comparison.
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