A company generated 5070000 from its operating activities, Financial Management

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A company generated 5070000 from its operating activities

Cash Flow Adequacy

A company generated $5,070,000 from its operating activities and spent $3,120,000 on additions to its plant and equipment during the year. The total amount of debt that matures in the next five years is $750,000.

Compute the company's cash flow adequacy ratio for the year. Round your answer to one decimal place.

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Financial Management: A company generated 5070000 from its operating activities

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Financial Management: A company generated 5070000 from its operating activities

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