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A company reported average total assets of $253,000 in Year 1 and $288,000 In Year 2. Its net operating cash flow was $17,575 In
A company reported average total assets of $253,000 in Year 1 and $288,000 In Year 2. Its net operating cash flow was $17,575 In Year 1 and $28,250 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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Cornerstones of Financial and Managerial Accounting
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-0538473484, 538473487, 978-1111879044
