Additional Information

a$.$ A $$30,000$ notes payable is retired at Its $$30,000$ carrylng $($book$)$ value in exchange for cash.

b$.$ The only changes affecting retalned earnings are net income and cash dividends pald.

c$.$ New equipment is acquired for $$73,600$ cash.

d$.$ Recelved cash for the sale of equipment that had cost $$64,600,$ ylelding a $$3,600$ galn.

e$.$ Prepald Expenses and Wages Payable relate to Operating Expenses on the Income statement.

f$.$ All purchases and sales of Inventory are on credit.

$(2)$ Compute the company's cash flow on total assets ratio for Its fiscal year $2021.$