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A company reported average total assets of $253,000 in Year 1 and $282,000 in Year 2. Its net operating cash flow was $17,575 in Year
A company reported average total assets of $253,000 in Year 1 and $282,000 in Year 2. Its net operating cash flow was $17,575 in Year 1 and $30,500 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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