Compute the companys cash flow on total assets ratio for its fiscal year 2017.

June 3e, 2017 and 2816 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment $183,900 5e,ee 57,808 95,5ee 74,890 69,880 5,808 252,788289,180 130,000 Total assets $352,780 $318,180 Liabilities and Equity Accounts payable Hages payable Income taxes payable Total current liabilities Notes payable (long term) Total 1iabilities Equity Common stock, $5 par value Retained earnings s 31,eees 39,ee0 6,6006,0 s,eee 60,290 66 eee 41,6e0 36,000 77,600126,200e 2,e 166,69e 352,7e8$318,180 232 ,a00 Total Iiabilities and equity Income 5tatement For year Ended 3une 38, 2817 Sales Cost of goods sold dross profit operating expenses 5788,999 417,89e 291, eee Depreciation expense $64, 6e4 73.886 other expenses Total operating expenses 153, 480 2. 6e0 155, eee other gains (losses) Gain on sale of equipment Income before taxes Income taxes expense Net income $111,51 Additional Information e. A $30.000 note payable is retired at its $30.000 carrying (book) value in exchange for cash b. The oniy changes affecting retained earnings are net income and cash dividends paid. c. New equipment s acquired for $63.600 cash. d. Received cash for the sale of ecuipment nat had cost $54 600, yielding a $2600 gain e. Prepaid Expenses and Wages Payable 'elate to Other Expenses on the income statement f All purchases and sales of inventory are on credit