A Company Has Net Income of $43,560 with a Net

question 77

Multiple Choice

A company has net income of $43,560 with a net cash flow from operations of $91,476 and a net increase in cash of $84,942.The company paid $33,524 for income taxes and $25,000 for interest during the year.The company's quality of income ratio is approximately:

• A)6.0.
• B)4.1.
• C)3.7.
• D)2.1.

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Definitions:

Sales Call

A visit or phone call made by a salesperson to a potential customer with the objective of promoting or selling a product or service.

Salesperson

An individual who sells products or services to customers, often as their primary job role.

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Furniture made from woven materials like rattan, cane, or bamboo, known for its lightweight, durable, and natural aesthetic.