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Complete this question by entering your answers in the tabs below. A company reported average total assets of $245,000 in Year 1 and $296,000 in
Complete this question by entering your answers in the tabs below.
A company reported average total assets of $245,000 in Year 1 and $296,000 in Year 2. Its net operating cash flow was $17,575 in Year 1 and $29,750 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: Accounts receivable Cost of goods sold Net financing cash flow Net investing cash flow Net operating cash flow Net sales Required 1 Required 2 Did its cash flow on total assets improve in Year 2 versus Year 1? Did its cash flow on total assets improve in Year 2 versus Year 1?Step by Step Solution
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