Use the following information for the first year of operations for Layton Novelties,Inc.to answer the following question.Use ending balances whenever average balances are required for computing ratios. Cash flow from operating expenses for Layton Novelties is $32,400.
The cash flow yield for Layton Novelties is
A) 1.5 times.
B) .67 times
C) .405 times.
D) 2.5 times.

Question

Use the following information for the first year of operations for Layton Novelties,Inc.to answer the following question.Use ending balances whenever average balances are required for computing ratios.   Cash flow from operating expenses for Layton Novelties is $32,400.
The cash flow yield for Layton Novelties is
A) 1.5 times. 
B) .67 times 
C) .405 times. 
D) 2.5 times.

Quizplus · Accepted Answer

The Answer of Use the following information for the first year of operations for Layton Novelties,Inc.to answer the following question.Use ending balances whenever average balances are required for computing ratios.   Cash flow from operating expenses for Layton Novelties is $32,400.
The cash flow yield for Layton Novelties is
A) 1.5 times. 
B) .67 times 
C) .405 times. 
D) 2.5 times.

Use the Following Information for the First Year of Operations