A company reported average total assets of $1,240,000 in Year 1 and $1,510,000 in Year 2. Its
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A company reported average total assets of $1,240,000 in Year 1 and $1,510,000 in Year 2. Its net operating cash flow was $102,920 in Year 1 and $138,920 in Year 2.
(1) Calculate its cash flow on total assets ratio for both years.
(2) Did its cash flow on total assets improve in Year 2 versus Year 1?
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Related Book For
Financial Accounting Information For Decisions
ISBN: 9781260705584
10th Edition
Authors: John J. Wild
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