| Nibbets Baskets Company had net cash provided by operating activities of $4,200 for 2000. The companys

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| Nibbets Baskets Company had net cash provided by operating activities of $4,200 for 2000. The company’s income statement showed sales (net) of $40,000, interest expense of $400, and net income of $4,000. Its 2000 beginning balance sheet listed total assets of

$42,000 and owner’s equity of $18,000, and its 2000 ending balance sheet listed total assets of $48,000 and owner's equity of $22,000. Interest payable decreased by $100 during the year.

Required: Using the preceding information, compute the company’s (1) operating cash flow margin, (2) profit margin, (3) cash return on total assets, (4) return on total assets,

(5) cash return on owner's equity, and (6) return on owner's equity.  plo47

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Accounting Information For Business Decisions

ISBN: 9780030224294

1st Edition

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

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