Moritz Corporation reported net income of $346,000, cash of $67,800, and net cas

Question

Moritz Corporation reported net income of $346,000, cash of $67,800, and net cash provided by operating activities of $221,200. What does this suggest about the quality of the company Moritz Corporation reported net income of $346,000, cash of $67,800, and net cash provided by operating activities of $221,200. What does this suggest about the quality of the company Brief Exercise 5-12 (Essay) Moritz Corporation reported net income of $346,000, cash of $67,800, and net cash provided by operating activities of $221,200. What does this suggest about the quality of the company's earnings? What further steps should be taken?

Explanation / Answer

COMPANY IS IN A GOOD POSITION AS ITS 64% OF THE NET INCOME IS REALISED IN OPERATING ACTIVITIES.

NOTE:-

221200/346000 * 100

=64%

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