(Appendix) Refer to the information in 9.31 for the Seeser Flappits Business. In addition to this information, you find the following average ratio results in 20XI for similar companies in the same industry:

Required:
a Using the indirect method for operating cash flows, prepare Seeser Flappits Business' 20XI cash flow statement.
b Calculate the business' (i) operating cash flow margin, and (ii) cash return on total assets. Briefly evaluate how well the business is doing in \(20 \mathrm{Xl}\) compared to similar businesses in the same industry.
c Now consider how the decrease in accounts receivable and decrease in inventory affected the business' ratio results. Re-evaluate your answers to (b).

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Operating cash flow margin: Cash return on total assets: 10.1% 15.7%