Nibbets Baskets Business had net cash provided by operating activities of ($ 4300) for (20 mathrm{X} 3).
Question:
Nibbets Baskets Business had net cash provided by operating activities of \(\$ 4300\) for \(20 \mathrm{X} 3\). The business' income statement showed sales (net) of \(\$ 40000\), interest expense of \(\$ 400\) and net income of \(\$ 4000\). Its \(20 \mathrm{X} 3\) beginning balance sheet listed total assets of \(\$ 42000\) and owner's equity of \(\$ 18000\), and its \(20 \mathrm{X} 3\) ending balance sheet listed total assets of \(\$ 48000\) and owner's equity of \(\$ 22000\). Interest payable decreased by \(\$ 100\) during the year.
Required:
Using the above information, calculate the business':
a operating cash flow margin b profit margin c cash return on total assets d return on total assets e cash return on owner's equity f return on owner's equity.
Step by Step Answer:
Accounting Information For Business Decisions
ISBN: 9780170253703
2nd Edition
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons