Wickersham Brothers Inc. is developing its annual financial statements at December 31, 2011. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statements are summarized. a. Prepare the statement of cash flows for 2011 using the indirect method.
b. Calculate the quality of income ratio and capital acquisitions ratio for 2011.

Question

Wickersham Brothers Inc. is developing its annual financial statements at December 31, 2011. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statements are summarized.  a. Prepare the statement of cash flows for 2011 using the indirect method.
b. Calculate the quality of income ratio and capital acquisitions ratio for 2011.

Quizplus · Accepted Answer

The Answer of Wickersham Brothers Inc. is developing its annual financial statements at December 31, 2011. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statements are summarized.  a. Prepare the statement of cash flows for 2011 using the indirect method.
b. Calculate the quality of income ratio and capital acquisitions ratio for 2011.