"Financial Report":Understanding Income Statements
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Questions 1:
Which of the following statements about cash flow ratios is most valid?
A 、Reinvestment ratio measures a firm’s ability to acquire assets with investing cash flows.
B、Debt payment ratio measures a firm’s ability to pay debts with operating cash flows.
C、 Interest coverage ratio is calculated as operating cash flow divided by interest payments.
Questions 2:
The following data are available on a company for the current year:
The company will most likely report other comprehensive income (OCI) (in £ thousands) as a:
A 、loss of 55,000.
B 、gain of 186,000.
C、 gain of 301,000.
B is correct. Debt payment ratio (Cash flow from operations/Cash paid for long-term debt repayment) shows the firm’s ability to pay debts with operating cash flows. C is incorrect. Interest coverage ratio is calculated as (CFO + Interest paid + Taxes paid)/Interest paid. It measures the firm’s ability to meet interest obligations. A is incorrect. Reinvestment ratio (CFO/Cash paid for long-term assets) shows the firm’s ability to acquire assets with operating cash flows.
A is correct.
B is incorrect. This is comprehensive income less dividends (£246,000 – £60,000 = £186,000).
C is incorrect. This is net income.
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