In 20X2 Franklin Fibres Business had net cash provided by operating activities of ($ 9400). A review
Question:
In 20X2 Franklin Fibres Business had net cash provided by operating activities of \(\$ 9400\). A review of its \(20 \mathrm{X} 2\) financial statements shows that the business had net income of \(\$ 9000\), average total assets of \(\$ 93800\) and average owner's equity of \(\$ 50000\). Included in the net income were sales (net) of \(\$ 77000\) and interest expense (all cash) of \(\$ 600\).
Required:
Using the above information, for 20X2 calculate the business'
a operating cash flow margin b cash return on total assets c cash return on owner's equity.
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Related Book For
Accounting Information For Business Decisions
ISBN: 9780170253703
2nd Edition
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons
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