Question: Exercise 1 2 - 1 5 ( Algo ) Analyzing cash flow on total assets LO A 1 A company reported average total assets of

Exercise 12-15(Algo) Analyzing cash flow on total assets LO A1
A company reported average total assets of $247,000 in Year 1 and $296,000 in Year 2. Its net operating cash flow was $19,875 in Year 1 and $27,500 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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