(2) Compute the company's cash flow on total assets ratio for its fiscal year 2017.

IKIBAN INC Income Statement For Year Ended June 30, 2017 Sales Cost of goods sold Gross profit Operating expenses $713,00e 418,000 295,008 Depreciation expense $65,680 74,000 Other expenses Total operating expenses 139,600 155,400 Other gains (losses) Gain on sale of equipment Income before taxes Income taxes expense Net income 2,700 158,100 44, 590 $113,516e Additional Information a. A $30,000 note 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 $64,600 cash. d. Received cash for the sale of equipment that had cost $55,600, yielding a $2.700 gairn. e. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement. f. All purchases and sales of inventory are on credit. Required (1) Prepare a statement of cash flows for the year ended June 30, 2017, using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)