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2) Compute the companys cash flow on total assets ratio for its fiscal year 2021. Additional Information a. A $30,000 notes payable is retired at
2) Compute the companys cash flow on total assets ratio for its fiscal year 2021.
Additional Information a. A $30,000 notes payable is retired at its $30,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $57.600cash. d. Received cash for the sale of equipment that had cost $48.600. vieldina a $2.000 aain. Answer is not complete. Cash Flow on Total Assets Ratio \begin{tabular}{|l|l|l|l|l|} \hline Choose Numerator: & 1 & Choose Denominator: & = & Cash Flow on Total Assets \\ Operating cash flows & 1 & Average total assets & = & Cash flow on total assets ratio \\ \hline & 1 & & & \\ \hline \end{tabular} Step by Step Solution
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