! Required information [The following information applies to the questions displayed below.] A recent annual report for BubbliCo contained the following information for the period (dollars in millions): Net income Depreciation and amortization Increase in accounts receivable Increase in inventory Increase in prepaid expense Increase in accounts payable Decrease in taxes payable Increase in other current liabilities. Cash dividends paid Share repurchases $5,161 1,559 550 364 364 86 735 193 754 Quality of income ratio 2,545 4,723 2. Compute the quality of income ratio. Note: Enter your answer in decimals, not in percentages, rounded to 2 decimal places.

! Required information [The following information applies to the questions displayed below.] A recent annual report for BubbliCo contained the following information for the period (dollars in millions): Net income Depreciation and amortization Increase in accounts receivable Increase in inventory Increase in prepaid expense Increase in accounts payable Decrease in taxes payable Increase in other current liabilities. Cash dividends paid Share repurchases $5,161 1,559 550 364 364 86 735 193 754 Quality of income ratio 2,545 4,723 2. Compute the quality of income ratio. Note: Enter your answer in decimals, not in percentages, rounded to 2 decimal places.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 32BEB

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