14. Financial professionals prefer A. Governmental accounting method ofessionals prefer to focus on an accounting...
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14. Financial professionals prefer A. Governmental accounting method ofessionals prefer to focus on an accounting approach that focuses on mental accounting methods. B. Current and prospective cash flows. ically based accruals. D. International accrual accounting standards. 15. These ratios measure the rela A. cross-section C. liquidity ratios measure the relationship between a firm's liquid (or current) assets and its current B. internal growth D. market value es of cash flows over the year, the easiest place to find that 16. If you are looking to review al information is A. the Income Statement B. the Statement of Retained Earnings C. the Statement of Cash Flows D. the Balance Sheet cmma Corp. had earnings before interest and taxes of $500,000 and had a depreciation expense of $200,000 this last year. If the firm was subject to an average tax rate of 30%, what was Emma's operating cash flow for the year If you need to, assume that Emma's interest expense was zero for the year. A. $175,000 B. $82,500 C. $25,000 D. It lost money
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