The balance sheet of Sound Designs reports total assets of $750,000 and $800,000 at the beginning and end of the year, respectively. Sales revenues are $1.5 million ($1.2 million in the previous year), net income is $150,000, and net cash flows from operating activities are $175,000. 

What is Sound Designs' cash return on assets?

Answer rating: 100% (QA)

To calculate the cash return on assets you can use t... View the full answer