ch 18 statement of cash flows 05

8/3/2019 Ch 18 Statement of Cash Flows 05

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Chapter 18

Financial Statements

Purpose and uses of financial statements

Cash Flow statementCash Inflows and Cash Outflows

Preparing CF Statement with Indirect

method


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Financial Statements

Balance Sheet: Balance of Stock Variables

At a point in time

Income Statement Summary of Flow Variables (accounting based)

For a certain time period

Cash Flow Statement Summary of cash inflows and outlows

For a certain time period


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The Balance Sheet

Definition

Financial statements that show the value ofthe firms assets andliabilities at aparticular point in time(from an

accounting perspective).


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Balance Sheet

Assets Liabilities

Shareholders

Equity

Most Liquid

Least Liquid


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Balance Sheet

Long-TermAssets(>1 year)

Current

Liabilities(< 1 year)

Assets Liabilities & Equity

Shareholders

Equity

Most Liquid

Least Liquid

Current Assets

(< 1 year)

Long-Term

Liabilities


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Financial Statements: Balance Sheet

BRSA BRIDGESTONE SABANCI LASTK SAN.VE TC. A..

GENEL KURUL'A SUNULACAK

AYRINTILI BLANO (Milyon TL) 31.12.2002 31.12.2001 31.12.2002 31.12.2001I. DNEN VARLIKLAR 173.282.079 120.729.302 I. KISA VADEL BORLAR 63.906.231 52.581.453A. Hazr Deerler 60.179.133 25.764.551 A. Finansal Borlar 687.230 1.097.004B. Menkul Kymetler 0 3.480.504 B. Ticari Borlar 25.183.106 12.631.153C. Ksa Vadeli Ticari Alacaklar 40.826.148 36.718.808 C. Dier Ksa Vadeli Borlar 12.274.917 11.430.692

1. Alclar 33.035.049 31.674.190 D. Alnan Sipari Avanslar 489.225 13.599.101

2. Alacak Senetleri 8.908.621 5.782.130 E. Bor ve Gider Karlklar 25.271.753 13.823.503D. Dier Ksa Vadeli Alacaklar 2.470.452 547.835 1. Vergi Karlklar 24.076.780 13.549.343E. Stoklar 46.125.463 33.869.576 2. Dier Bor ve Gider Karlklar 1.194.973 274.160

F. Dier Dnen Varlklar 23.680.883 20.348.028 II. UZUN VADEL BORLAR 15.972.585 12.064.129II. DURAN VARLIKLAR 102.791.238 75.508.241 A. Finansal Borlar 0 0

A. Uzun Vadeli Ticari Alacaklar 238.143 758.348 B. Ticari Borlar 0 0

B. Dier Uzun Vadeli Alacaklar 0 0 C. Dier Uzun Vadeli Borlar 660.534 187.905C. Finansal Duran Varlklar 3.483.039 2.340.167 D. Alnan Sipari Avanslar 0 0

3. t irakler 3.483.039 2.340.167 E. Bor ve Gider Karlklar 15.312.051 11.876.224D. Maddi Duran Varlklar (Net) 98.857.698 72.137.502 1. Kdem Tazminat Karlklar 15.312.051 11.876.224

Maddi Duran Varlklar (Brt) 309.019.578 214.268.690 2. Dier Bor ve Gider Karlklar 0 08. Birikmi Amortismanlar (-) -210.161.880 -142.131.188 III. Z SERMAYE 196.194.501 131.591.961

E. Maddi Olmayan Duran Varlklar 211.247 269.446 A. Sermaye 7.441.875 7.441.875F. Dier Duran Varlklar 1.111 2.778 C. Emisyon Primi 4.903 4.903

D. Yeniden Deerleme Deer Art 114.274.635 75.201.626E. Yedekler 26.567.771 23.009.238

F. Net Dnem Kar 47.905.317 25.934.319

A K T F T O P L A M I 276.073.317 196.237.543 P A S F T O P L A M I 276.073.317 196.237.543


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MGROS T RK T.A..31.12.2002 31.12.2001 31.12.2002 31.12.2001

I. DNEN VARLIKLAR 288.212.031 251.438.326 I. KISA VADELBORLAR 255.216.550 229.911.351A. Hazr Dee rler 84.741.300 74.466.238 A. Finansal Borlar 9.195.638 14.640.335B. Me nkul Kymetler 86.402.551 68.649.959 B. T ica ri Borlar 223.461.946 190.189.974C. Ksa Vadeli Ticari Alacaklar 27.801.052 27.898.296 1. Satc lar 223.421.172 187.151.371

1. Alc lar 25.412.029 23.938.129 C. Dier Ksa Vade li Borlar 12.245.373 15.790.621D. Dier Ksa V ade li Ala ca kla r 1.071.151 490.781 D. Alnan SipariAvanslar 0 0E. Stoklar 70.751.044 63.322.803 E. Bor ve Gider Ka r lklar 10.313.593 9.290.421F. Dier Dnen Varlklar 17.444.933 16.610.249 1. Vergi Kar lklar 8.480.759 7.485.889

II. DURAN VARLIKLAR 241.185.919 175.951.367A. U zun V ade li T ica ri Ala ca kla r 88.394 78.142B. Die r Uzun Vadeli Alacaklar 0 0 II. UZUN VADELBORLAR 52.053.753 50.460.250C. Finansal Duran Varlklar 36.677.745 32.986.634 A. Finansal Borlar 28.847.651 33.492.582

3. tirakler 21.986.652 13.931.652 1. Banka Kredileri 28.847.651 33.492.5824. tiraklere Sermaye Taahhtleri (-) -5.760.000 0 B. T ica ri Borlar 3.241.518 2.853.6246. Bal Ortaklklar 18.199.982 18.199.982 C. Dier Uzun Vadeli Borlar 0 09. Dier Finansal Duran Varlklar 2.251.111 855.000 D. Alnan SipariAvanslar 0 0

D. Ma ddi Duran Va rlklar 110.279.051 72.544.466 E. Bor ve Gider Kar lklar 19.964.584 14.114.0441. Arazi ve Arsalar 7.950.975 0 1. Kdem Tazminat Kar lklar 19.964.584 14.114.044

2. Yerst ve Yeralt Dzenleri 0 03. Binalar 73.499.100 44.902.7904. Makine, Tesis ve Cihazlar 141.551.739 97.855.902 III. Z SERMAYE 222.127.647 147.018.0925. Tat Ara ve Gereleri 1.550.826 801.681 A. Sermaye 55.080.000 9.180.0006. Deme ve Demirbalar 43.876.141 29.221.590 C. Emisyon Primi 18.854.402 18.854.4028. BirikmiAmortisma nla r (-) -165.891.069 -103.745.195 D . Y enide n D eerleme D eer Art 87.361.110 65.948.847

9. Yap lmakta Olan Yatrmlar 393.249 613.198 E. Yedekler 48.645.989 35.259.34210. Verilen SipariAvanslar 7.348.090 2.894.500 F. Ne t Dnem Kar 12.186.146 17.775.501E. Ma ddi Olmaya n Duran Va rlklar 93 .138 .647 67.683 .580F. Dier Duran Varlkla r 1.002.082 2.658.545



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ARI BYK MAAZACILIK A..31.12.2002 31.12.2001 31.12.2002 31.12.2001

I. DNEN VARLIKLAR 90.706.320 90.655.896 I. KISA VADEL BORLAR 97.562.882 100.867.187A. Hazr Deerler 639.004 376.902 A. Finansal Borlar 21.713.964 36.776.321

B. Menkul Kymetler 0 0 1. Banka Kredileri 21.713.964 36.776.321C. Ksa Vadeli Ticari Alacaklar 13.164.308 45.135.474 B. Ticari Borlar 72.059.736 58.121.490

1. Alclar 13.742.680 47.021.160 C. Dier Ksa Vadeli Borlar 2.191.034 4.264.241

D. Dier Ksa Vadeli Alacaklar 18.961.614 5.351.405 D. Alnan Sipari Avanslar 1.161 2.0581. Ortaklardan Alacaklar 18.829.829 4.994.985 E. Bor ve Gider Karlklar 1.596.987 1.703.077

E. Stoklar 54.682.304 37.573.710 II. UZUN VADEL BORLAR 3.350.204 2.725.359F. Dier Dnen Varlklar 3.259.090 2.218.405 A. Finansal Borlar 0 0

II. DURAN VARLIKLAR 15.609.487 8.008.864 B. Ticari Borlar 100.201 100.201

A. Uzun Vadeli Ticari Alacaklar 0 0 C. Dier Uzun Vadeli Borlar 0 0

B. Dier Uzun Vadeli Alacaklar 0 0 D. Alnan Sipari Avanslar 0 0

C. Finansal Duran Varlklar 0 0 E. Bor ve Gider Karlklar 3.250.003 2.625.158

D. Maddi Duran Varlklar 5.278.533 2.077.462 III. Z SERMAYE 5.402.721 -4.927.7868. Birikmi Amortismanlar (-) -1.359.884 -575.866 A. Sermaye 39.600.000 19.800.000

Net Duran Varlklar 3.918.649 1.501.596 B. Sermaye Taahhtleri (-) 0 0C. Emisyon Primi 163.988 148.321

D. Yeniden Deerleme Deer Art 0 0E. Maddi Olmayan Duran Varlklar 11.690.838 6.507.268 E. Yedekler 1.134.895 1.134.895

1. Kurulu ve Tekilatlanma Giderleri 2.101.777 889.973 F. Net Dnem Kar 0 0

2. Haklar 2.637.302 1.102.306 G. Dnem Zarar (-) -9.485.160 -25.832.0904. Dier Maddi Olmayan Duran Varlklar 6.951.759 4.514.989 H. Gemi Yllar Zararlar (-) -26.011.002 -178.912

F. Dier Duran Varlklar 0 0 1. 2001 Yl Zarar -25.832.090 02. 1999 Yl Zarar -178.912 -178.912



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The Income Statement

Definition

Financial statement that shows the

revenues, expenses, and net income

of a firm

over a period of time

(from an accounting perspective).


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Income Statement

NET SALES

Cost of Goods Sold

GROSS PROFIT

Selling, General & Admin. Expenses

OPERATING PROFIT (EBITDA)Non-Operating Revenues

Depreciation Expense

Severance Payment Reserve

EBIT (Earnings Before Interest & Tax)

Net Interest Expense

TAXABLE INCOME (Profit Before Tax)

Corporate & Income Taxes

NET INCOME (Profit After Tax)


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The Income Statement

Two Key Figures:

EBITDA:Earnings Before Interest, Taxes,Depreciation

EBIT:

Earnings Before Interest& Taxes


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Financial Statements: Income Statement

MGROS TRK T.A..Bamsz Denetim'den

GENEL KURUL'A SUNULACAK Gemi GemiAYRINTILI GELR TABLOSU (Milyon TL) 31.12.2002 31.12.2001C. Net Sat lar 1.124.125.100 827.659.061D. Satlarn Maliyeti (-) -894.126.239 -79,5% -657.064.517 -79,4%BRT SATI KARI (ZARARI) 229.998.861 20,5% 170.594.544 20,6%E. Faaliyet Giderleri (-) -233.799.615 -20,8% -171.150.259 -20,7%

1. Aratrma ve Gelitirme Giderleri (-) 0 02. Pazarlama, Sat ve Datm Giderleri (-) -21.252.308 -14.860.9733. Genel Ynetim Giderleri (-) -212.547.307 -156.289.286

ESAS FAALYET KARI (ZARARI) -3.800.754 -0,3% -555.715 -0,1%F. Dier Faaliyetlerden Gelirler ve Karlar 44.996.801 4,0% 73.553.266 8,9%

1. tiraklerden Temett Gelirleri 9.958 03. Faiz ve Dier Temett Gelirleri 30.519.513 2,7% 38.348.887 4,6%4. Faaliyetle lgili Dier Gelirler ve Karlar 14.467.330 35.204.379

G. Dier Faaliyetlerden Giderler ve Zararlar (-) -4.913.898 -6.883.655H. Finansman Giderleri (-) -18.580.853 -39.548.1021. Ksa Vadeli Borlanma Giderleri (-) -822.248 -7.204.0842. Uzun Vadeli Borlanma Giderleri (-) -17.758.605 -32.344.018

FAALYET KARI (ZARARI) 17.701.296 1,6% 26.565.794 3,2%I. Olaanst Gelirler ve Karlar 3.219.220 41.722J. Olaanst Giderler ve Zararlar (-) -253.611 -1.566.588DNEM KARI (ZARARI) 20.666.905 1,8% 25.040.928 3,0%

K. denecek Vergi ve Yasal Ykmllkler (-) -8.480.759 -7.265.427NET DNEM KARI (ZARARI) 12.186.146 1,1% 17.775.501 2,1%


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Financial Statements: Income StatementARI BYK MAAZACILIK A..AYRINTILI GELR TABLOSU (Milyon TL) 31.12.2002 31.12.2001

C. NET SATILAR 219.503.561 162.575.623D. Satlarn Maliyeti (-) -140.235.468 -63,9% -108.895.116 -67,0%

BRT SATI KARI (ZARARI) 79.268.093 36,1% 53.680.507 33,0%E. Faaliyet Giderleri (-) -68.564.874 -31,2% -49.696.848 -30,6%

2. Pazarlama, Sat ve Datm Giderleri (-) -49.419.979 -35.348.180

3. Genel Ynetim Giderleri (-) -19.144.895 -14.348.668

ESAS FAALYET KARI (ZARARI) 10.703.219 4,9% 3.983.659 2,5%F. Dier Faaliyetlerden Gelirler ve Karlar 9.206.602 5.605.833

3. Faiz ve Dier Temett Gelirleri 0 0

4. Faaliyetle lgili Dier Gelirler ve Karlar 9.206.602 5.605.833

G. Dier Faaliyetlerden Giderler ve Zararlar (-) -8.545.189 -6.058.104

H. Finansman Giderleri (-) -20.782.562 -9,5% -29.342.138 -18,0%

1. Ksa Vadeli Borlanma Giderleri (-) -20.782.562 -29.342.138

2. Uzun Vadeli Borlanma Giderleri (-) 0 0FAALYET KARI (ZARARI) -9.417.930 -4,3% -25.810.750 -15,9%I. Olaanst Gelirler ve Karlar 38.548 23.458

J. Olaanst Giderler ve Zararlar (-) -105.778 -44.798

DNEM KARI (ZARARI) -9.485.160 -4,3% -25.832.090 -15,9%K. denecek Vergi ve Yasal Ykmllkler (-) 0 0

NET DNEM KARI (ZARARI) -9.485.160 -4,3% -25.832.090 -15,9%

Amortisman 204.880 768.759


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Financial Statements: Income StatementBRSA BRIDGESTONE SABANCI LASTK SAN.VE TC. A..AYRINTILI GELR TABLOSU (Milyon TL) 31.12.2002 31.12.2001C. Net Satlar 350.698.206 202.288.011D. Satlarn Maliyeti (-) -223.539.472 -63,7% -124.769.970 -61,7%BRT SATI KARI (ZARARI) 127.158.734 36,3% 77.518.041 38,3%E. Faaliyet Giderleri (-) -56.934.738 -16,2% -42.400.938 -21,0%

1. Aratrma ve Gelitirme Giderleri (-) -3.895.865 -2.779.738

2. Pazarlama, Sat ve Datm Giderleri (-) -34.258.948 -20.588.4953. Genel Ynetim Giderleri (-) -18.779.925 -19.032.705

ESAS FAALYET KARI (ZARARI) 70.223.996 20,0% 35.117.103 17,4%F. Dier Faaliyetlerden Gelirler ve Karlar 20.011.740 5,7% 20.725.177 10,2%

3. Faiz ve Dier Temett Gelirleri 2.337.559 2.675.6064. Faaliyetle lgili Dier Gelirler ve Karlar 17.674.181 18.049.571

G. Dier Faaliyetlerden Giderler ve Zararlar (-) -14.780.774 -4,2% -7.862.445 -3,9%

H. Finansman Giderleri (-) -217.348 -0,1% -355.531 -0,2%1. Ksa Vadeli Borlanma Giderleri (-) -217.348 -355.5312. Uzun Vadeli Borlanma Giderleri (-) 0 0

FAALYET KARI (ZARARI) 75.237.614 21,5% 47.624.304 23,5%I. Olaanst Gelirler ve Karlar 4.000.115 1.032.044J. Olaanst Giderler ve Zararlar (-) -7.255.632 -9.172.686DNEM KARI (ZARARI) 71.982.097 20,5% 39.483.662 19,5%

K. denecek Vergi ve Yasal Ykmllkler (-) -24.076.780 -33,4% -13.549.343 -34,3%NET DNEM KARI (ZARARI) 47.905.317 13,7% 25.934.319 12,8%


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The Statement of Cash Flows

Definition

Financial statement that shows thefirms cash receipts and cash payments

over a period of time.


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Purpose

Provide answers to the questions: How did the company generate cash during the period?

How was the cash used during the period?

What was the change in the cash balance?

Identify: Cash Inflows: Main operating and non-operating

activities creating cash inflows Cash Outflows: Activities creating cash outflows


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Some Specific Questions:

How did cash increase when there was a netloss for the period?

How was the expansion in fixed assets

financed?Why were dividends not increased?

How was bank debt re-payed?

How much money was borrowed during theyear?

Is cash flow greater or less than net income?


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How is CFS used? By whom?

1. By Management and Investors ( Existingand Potential):

The Companys ability to generate future

cash flows2. By Shareholders and Creditors:

The Companys ability to pay dividends and

meet obligations:


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Ability to generate future cash flows.

Ability to pay dividends and meet

obligations.Reasons for the difference between netincome and net cash provided (used) byoperating activities.

Cash invested and financing transactionsduring the period.

Benefits of CF Statement

A h B l Sh d I


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Are the Balance Sheet and Income

Statement not enough?

Comparative Balance Sheets: Show the increase in current and long-term

assets, but not how they were financed or paidfor..

Income Statement:

Shows net income, but not the amount of cashgenerated by operating activities.

Additional Information may be needed: Depreciation expense,

Cash paid for purchase of fixed assets


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Classification of Cash Flows

Operating Activities: Cash effects of transactions that create revenues and

expenses

Investing Activities: Acquiring and selling productive assets or investments

Lending money and collecting loans

Financing Activities: Obtaining cash by issuing debt and repaying the debt

Obtaining cash by issuing equity and paying dividends


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Types of Cash Flows1. Operating Activities

Cash inflows:

From sale of goods or services

From return on loans (interest received) and on equity

securities (dividends received)

Cash outflows:

To suppliers for inventory

To employees for services

To government for taxes

To lenders for interest

To others for expense


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2. Investing Activities

Cash inflows: From sale of property, plant, and equipment

From sale of debt or equity securities of other entities

From collection of principal on loans to other entities

Cash outflows:

To purchase property, plant, and equipment To purchase debt or equity securities of other entities

To make loans to other entities

Types of Cash Flows


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3. Financing Activities

Cash inflows:

From sale of equity securities (company's own stock) From issuance of debt (bonds and notes)

Cash outflows:

To stockholders as dividends

To redeem long-term debt or reacquire capital stock

Types of Cash Flows


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Indirect Method

Step 1: Determine the net increase/decreasein cash

Step 2: Determine net cash provided/used

by operating activities Step 3: Determine net cash provided/used

by investing and financing activities

Check: Sum of steps 2 and 3

must equal the result of Step 1.


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In order to determine net cash provided/used byoperating activities, the operating activities sectionmust be converted from accrual basis to cash basis.This conversion may be accomplished by the

direct method or the indirect method.The indirect method is used extensively inpractice:

- it is easier to prepare and

- it focuses on the differences between net incomeand net cash flow from operating activities.

Methods: Direct and Indirect

C i B l Sh


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Comparative Balance Sheet,

With Increases And Decreases

The comparativebalance sheets atthe beginning andend of2003

showing increasesand decreasesareshown to the right.

Assets 2003 2002 Change

Cash 56.000 34.000 22.000

Accounts Receivable 20.000 30.000 -10.000

Prepaid Expenses 4.000 0 4.000

Land 130.000 0 130.000

Building 160.000 0 160.000

Accum.Depreciation-Building -11.000 0 -11.000

Equipment 27.000 10.000 17.000

Accum.Depreciation-Euipment -3.000 0 -3.000

TOTAL 383.000 74.000 309.000

Liabilities & Shareholders' Equity

Accounts Payable 59.000 4.000 55.000

Bonds Payable 130.000 0 130.000

Common Stock 50.000 50.000 0

Retained Earnings 144.000 20.000 124.000

TOTAL 383.000 309.000

COMPUTER SERVICES COMPANY

Comp.Balance Sheets, December 31 in USD


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Income Statement And Additional Information

The incomestatement andadditionalinformationfor 2005 forComputerServicesCompany areshown to theright.

Revenues 507.000

Cost of Goods Sold 261.000

Operating Exp (excluding depreciation) 15.000

Depreciation 3.000

Loss on Sale of Equipment 279.000

Income from Operations 228.000

Income Tax Expense 89.000

Net Income 139.000Additional Information:

1. The company declared and paid a $15,000 cash dividend.2. The company obtained land through the issuance of

$ 130,000 of long-term bonds.

3. A building costing $160,000 was purchased for cash.

Equipment costing $ 25,000 was purchased for cash.

4. During the year, the company sold equipment with a bookvalue of $ 7,000 for $ 4,000 cash.

Computer Services CompanyIncome Statement for the year ended December 31,2003


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The Statement of Cash Flows1 Cash Provided By Operations $218.000

Net Income $145.000plus Non-Cash Expenses $12.000

Plus/ Minus Changes in Working Capital

(Inc)/Dec in Accts.Receivables $10.000

(Inc)/Dec in Prepaid Expenses $4.000Inc/(Dec) in Accts.Payables $55.000

Inc/Dec in Other

2 Cash Provided/Used By Investments $181.000

Purchase of Building $160.000

Purchase of Land $25.000

Sale of Equipment $4.000

3 Cash Provided/Used By Financing Activities $15.000

Payment of Cash Dividends $15.000

1+2+3 $22.000

4 Net Increase in Cash or Near Cash $22.000


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1 Cash Provided By Operations 3,212

Net Income 1,990plus Depreciation 1,234

Other Non-cash 369

Plus/ Minus Changes in Working Capital -381

(Inc)/Dec in Comm. Receivables -303

(Inc)/Dec in Inventory -284Inc/(Dec) in Commercial Payables 253

Inc/Dec in Other -47

2 Cash Provided/Used By Investments -5,019

3 Cash Provided/Used By Financing Activities 190

4 Net Increase in Cash or Near Cash -1,617

Pepsi Co Statement of Cash Flows

Year-end 1998 - Excerpts

Example

For Cash

Flow

Statement

STATEMENT OF CASH FLOWS


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FOR 2002

1 Cash Provided By Operations 65,571

Net Income 47,905

plus Deprecation Expense 23,598

plus Other Reserves and Non-Cash Exp. 4,000

Plus/ Min Changes in Working Capital -9,932

(Inc)/Dec in Comm. Receivables -4,107

(Inc)/Dec in Inventory -12,256

Inc/(Dec) in Commercial Payables 12,552

(Inc)/Dec in Other Current Assets -5,255

Inc/(Dec) in Other Current Liabilities -818

Other Long Term Assets/Liabilities -48

2 Cash Provided/(Used) By Investments -11,746

plus/ minus Sales of /(Add.to) Fixed Assets -11,746

Sales /(Acquisitions of) Subsidiaries 0

3 Cash Provided/(Used By) Financing Activities -22,816

plus/minus Additions to/Reduction in Debt -410

plus Stock Issues

minus Cash Dividend -22,406

1+2+3 31,009

4 Net Increase in Cash or Near Cash 30,934

STATEMENT OF CASH FLOWS

BrisaCash Flow

Statement


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Types of Cash Inflow and Outflows

1. Operating ActivitiesCash Inflows:

From Sale of Goods and Services

From returns on investment (interest or dividend)

Cash Outflows: To suppliers for inventory and expenses

To employees for services

To government for taxes To lenders for interest


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1. Operating ActivitiesChanges in Working Capital:

A Decrease in Current Asset items (CommercialReceivables, Inventories) is equal to a cash inflow

An Increase in Current Liability items (CommercialPayables) is equal to a cash inflow

An Increase in Current Asset items (CommercialReceivables, Inventories) is equal to a cash outflow

An Decrease in Current Liability items (CommercialPayables) is equal to a cash outflow


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2. Investing ActivitiesCash Inflows:

From sale of plant, property and equipment

From sale of investments (debt or equity of other comp.)

From collection of principal on loans to other companies

Cash Outflows To purchase property, plant and equipment

To purchase investments in other companies (debt orequity)

To make loans to other entities


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3.Financing ActivitiesCash Inflows:

From sale of equity securities (issuing companys ownstock)

From issuing debt (bonds)

Cash Outflows To shareholders as dividend

To repay long-term debt


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Analysis of Cash Flow Statement

Current Cash Debt Coverage Ratio: How comfortably can current liabilities by net cash

provided by operating activities

sLiabilitieCurrentAverage

onsFm.OperatiCashNetoCover.RatiDebtCash.Curr


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Cash return on Sales Ratio: Cash-based counterpart of profit margin

SalesNet

OperationsFromCashNetSalesonReturnCash


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Cash Debt Coverage ratio: Similar to Current Cash Debt Coverage Ratio but

includes long-term liabilities

sLiabilitieTotalAverage

onsFm.OperatiCashNetoCover.RatiDebtashC

ch 18 statement of cash flows 05

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