A) Google, reports net sales of $2,300,000, cost of goods sold of $1,100,000, and income tax expense of $132,000 for the year ended December 31, 2015. Selected balance sheet accounts are as follows:

MEGA SCREENS, INC. Selected Balance Sheet Data December 31
	2015	2014	Increase (I) or Decrease (D)
Cash	$141,000	$177,000	$36,000	(D)
Accounts receivable	267,000	221,000	46,000	(I)
Inventory	116,000	147,000	31,000	(D)
Accounts payable	111,000	119,000	8,000	(D)
Income tax payable	16,000	14,200	1,800	(I)

Required:

Calculate cash received from customers, cash paid to suppliers, and cash paid for income taxes.

B)

Google and Yahoo are close competitors in the Internet search engine business. One of Googles top executives, Marissa Mayer, left Google in 2012 to become Yahoos CEO. Selected financial data for Google and Yahoo are as follows: (Enter your answers in millions rounded to 1 decimal place.)

($ in millions)	Google		Yahoo
Net sales	$	49,905	$	9,184
Net income		12,975		1,929
Operating cash flows		16,365		2,150
Total assets, beginning		68,905		18,684
Total assets, ending		70,905		18,384

Required:

1.	Calculate the return on assets for both companies.

2.	Calculate the cash return on assets for both companies.

3.	Calculate the cash flow to sales ratio and the asset turnover ratio for both companies.