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If a company has $400,000 in liabilities, $900,000 in owner's equity then it has in assets $1,300,000 $500,000 900,000 not enough information QUESTION 5 If net income is $200,000, current assets $100,000, and total assets $1,000,000 then the return on assets (ROA) ratio is 5% 10% 20% 30% QUESTION 6 All the below are true about the statement of cash flows EXCEPT? it reports cash outflows it covers a period of time it reports cash inflows it reports liabilities