The Following Information Was Reported from the Statement of Cash

The following information was reported from the statement of cash flows for Landlover's Restaurants for the years 2008 through 2010 (in millions of dollars):
$$\begin{array} { l rl rl r l } & 2010& 2009&2008 \\\text { Net income } & \$ 45 & \$ 42 & \$ 27 \\\text { Cash provided (used) by operations } & 122 & 112 & 89 \\\text { Cash provided (used) by investments } & (190) & (275) & (105 ) \\\text { Cash provided (used) by financing } & 90 & 146 & 21\end{array}$$ Requirements:
A.Calculate the quality of income ratio for the years 2008 through 2010.
B.Interpret the quality of income ratio for Landlover's for the three year period.

Correct Answer:

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