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begin{tabular}{|c|c|c|} hline begin{tabular}{l} IKIBAN INCORPORA Comparative Balance end{tabular} & begin{tabular}{l} ATED Sheets 2021 end{tabular} & 202 hline Assets & &

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\begin{tabular}{|c|c|c|} \hline \begin{tabular}{l} IKIBAN INCORPORA \\ Comparative Balance \end{tabular} & \begin{tabular}{l} ATED \\ Sheets \\ 2021 \end{tabular} & 202 \\ \hline Assets & & \\ \hline Cash & $98,500 & $59,000 \\ \hline Accounts receivable, net & 87,500 & 66,000 \\ \hline Inventory & 78,800 & 109,000 \\ \hline Prepaid expenses & 5,900 & 8,400 \\ \hline Total current assets & 270,700 & 242,400 \\ \hline \begin{tabular}{l} Equipment \\ Accumulated depreciation-Equipment \end{tabular} & \begin{tabular}{r} 139,000 \\ (34,500) \\ \end{tabular} & \begin{tabular}{r} 130,000 \\ (16,500) \\ \end{tabular} \\ \hline Total assets & $375,200 & $355,900 \\ \hline Liabilities and Equity & & \\ \hline Accounts payable & $40,000 & $52,500 \\ \hline Wages payable & 7,500 & 18,000 \\ \hline Income taxes payable & 4,900 & 6,800 \\ \hline Total current liabilities & 52,400 & 77,300 \\ \hline Notes payable (long term) & 45,000 & 75,000 \\ \hline \begin{tabular}{l} Total liabilities \\ Equity \end{tabular} & 97,400 & 152,300 \\ \hline \begin{tabular}{l} Common stock, $5 par value \\ Retained earnings \end{tabular} & \begin{tabular}{r} 250,000 \\ 27,800 \\ \end{tabular} & \begin{tabular}{r} 175,000 \\ 28,600 \\ \end{tabular} \\ \hline Total liabilities and equity. & $375,200 & $355,900 \\ \hline \end{tabular} Additional Information a. A $30,000 notes payable is retired at its $30,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $72.600cash. d. Received cach for the cale of equipment that had cost $63,600 yeiding a $3,500 gain e. Prepaid 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

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