MoneyCo had sales revenue and net income during the current year of $100,000 and $60,000, respectively. The total amount of stockholders’ equity was $600,000. The cash flow statement indicated that cash flows from operating activities, investing activities, and financing activities, were $20,000, ($30,000), and $60,000. The company also paid dividends of $10,000. What is MoneyCo’s quality of earnings ratio?
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