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 $ 5,145 1,559 Quality of income ratio 567 356 87 733 183 746 2,550 4,738 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 $ 5,145 1,559 Quality of income ratio 567 356 87 733 183 746 2,550 4,738 2. Compute the quality of income ratio. Note: Enter your answer in decimals, not in percentages, rounded to 2 decimal places.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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