Research Problem
Using the articles referenced in footnote 3 in this chapter regarding cash flow ratios, cre- ate a list of cash flow ratios that you believe would be a good set of ratios to assess the cash flows of a firm. Choose an industry and locate four companies in that industry. Calculate the cash flow ratios for each company and then create an industry average of all four companies. Comment on how well you think your industry average would work as a guide when analyzing other firms in this industry.
Text Book: Economic and Financial Analysis for Criminal Justice Organizations By Daniel Adrian Doss, William H. Sumrall III, David H. McElreath, Don W. Jones.