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A company reported average total assets of $247,000 in Year 1 and $292,000 in Year 2. Its net operating cash flow was $18,150 in Year
A company reported average total assets of $247,000 in Year 1 and $292,000 in Year 2. Its net operating cash flow was $18,150 in Year 1 and $29,000 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? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate its cash flow on total assets ratio for both years. Cash Flow on Total Assets Ratio 1 Choose Denominator: Choose Numerator: Cash Flow on Total Assets Ratio Year 1: Year 2: 1
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