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In 20x2, Franklin Fibres had net cash provided by operating activities of $9400. A review of its 20X2 financial statements shows that the business had
In 20x2, Franklin Fibres had net cash provided by operating activities of $9400. A review of its 20X2 financial statements shows that the business had net income of $9000, average total assets of $93,800 and average owner's equity of $50,000. Included in the net income were sales (net) of $77,000 and interest expense (all cash) of $600.
Required:
Using the above information, calculate, for 20x2, the business':
a. operating cash flow margin.
b. cash return on total assets.
c. cash return on owner's equity.
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