Ryan Rebel Footy had net cash provided by operating activities of $8600 for 20X0. The businesss income
Question:
Ryan Rebel Footy had net cash provided by operating activities of $8600 for 20X0. The business’s income statement showed sales (net) of $80 000, interest expense of $800 and net income of $8000. Its 20X0 beginning balance sheet listed total assets of $84 000 and owner’s equity of $36 000, and its 20X0 ending balance sheet listed total assets of $96 000 and owner’s equity of $44 000. Interest payable decreased by $200 during the year.
Required:
Using the above information, calculate the business’s:
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 Accounting
ISBN: 9780170446242
4th Edition
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh