Ryan Rebel Footy had net cash provided by operating activities of $8600 for 20X0. The businesss income

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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.

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Accounting Information For Business Decisions Accounting

ISBN: 9780170446242

4th Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh

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