A company reported average total assets of $248,000 in 2010 and $302,000 in 2011. Its net operating

Question:

A company reported average total assets of $248,000 in 2010 and $302,000 in 2011. Its net operating cash flow in 2010 was $20,575 and $27,750 in 2011. Calculate its cash flow on total assets ratio for both years. Comment on the results and any change in performance.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

Question Posted: