High Plains’ average net operating assets at the end of 2008 and 2007 was $977.89 million and $642.83 million, respectively.

High Plains’ average net operating assets at the end of 2008 and 2007 was $977.89 million and $642.83 million, respectively.

As compared to the year ended 2007, High Plains’ cash flow accrual ratio for the year ended 2008 is:
A . higher.
B . lower.
C . the same.

View Answer

Answer: A

Explanation:

The cash flow accrual ratio increased during 2008 from 15% to 19%. (Study Session 7, LOS 25-d)