During the year Ruby Sea Nautical Supplies collected $280,000 from customers, with payments to suppliers of $62,000. 

Cash paid to employees amounted to $55,000, and cash paid for interest was $14,600. 

Total assets at the end of the previous accounting period totaled $830,000, and for the current accounting period was $865,000.

Total owners equity on the current year's balance sheet was $201,600. 

Calculate the cash return on total assets.

Answer rating: 100% (QA)

To calculate the cash return on total assets we need to determine the cash flow from operating activ... View the full answer