Essay
For 2013,Fairfield Corporation had average total assets of $1,300,000,net sales of $1,125,000,net income of $125,000,net cash flows from operating activities of $150,000,dividend payments of $62,500,purchases of plant assets of $150,000,and sales of plant assets of $137,500.Using this information,compute (a)cash flow yield,(b)cash flows to sales,(c)cash flows to assets,and (d)free cash flow.Round amounts to one decimal place.
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a.1.2 times ($150,000 ÷ $125,0...View Answer
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