Rodrigue SA reported the following financial statement data for the year ended 2007:
|
Average net operating assets |
39,000 |
|
Net income |
14,000 |
|
Cash flow from operating activity |
17,300 |
|
Cash flow From investing activity |
(12,400) |
Rodrigue’s cash-flow-based accruals ratio in 2007 was closest to
a. -8.5%.
b. -19.1%.
c. 23.3%.