A company reported average total assets of $1,240,000 in Year 1 and $1,510,000 in Year 2. Its

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A company reported average total assets of $1,240,000 in Year 1 and $1,510,000 in Year 2. Its net operating cash flow was $102,920 in Year 1 and $138,920 in Year 2.

(1) Calculate its cash flow on total assets ratio for both years.

(2) Did its cash flow on total assets improve in Year 2 versus Year 1?

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Financial Accounting Information For Decisions

ISBN: 9781260705584

10th Edition

Authors: John J. Wild

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Question Posted: Aug 23, 2021 08:26 AM

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A company reported average total assets of $1,240,000 in Year 1 and $1,510,000 in Year 2. Its

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Financial Accounting Information For Decisions

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