Cash Flow Adequacy On its most recent statement of cash flows, a company reported net...
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Cash Flow Adequacy On its most recent statement of cash flows, a company reported net cash provided by operating activities of $12,070,000. Its capital expenditures for the same year were $1,520,000. A note to the financial statements indicated that the total amount of debt that would mature over the next five years was $21,760,000. Required: 1. Compute the company's cash flow adequacy ratio. Round your answer to two decimal places.
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