Question
A company reported average total assets of $251,000 in Year 1 and $290,000 in Year 2. Its net operating cash flow was $18,725 in Year
A company reported average total assets of $251,000 in Year 1 and $290,000 in Year 2. Its net operating cash flow was $18,725 in Year 1 and $31,250 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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Traveling Consultants Guide To Auditing UNIX
Authors: Mark Adams
1st Edition
1105616398, 978-1105616396
