Question 1.Use the cash flow on total assets ratio to determine which of these three companies is using its assets most efficiently.

	Company A	Company B	Company C
Cash provided by operations	$ 300,000	$ 600,000	$ 400,000
Cash provided (used) by investing activities
Purchase of operating assets	(190,000)	(380,000)	(200,000)
Cash provided (used) by financing activities
Repayment of debt	(100,000)	(210,000)	(190,000)
Net Increase in cash	$ 10,000	$ 10,000	$ 10,000
Average total assets	$ 2,500,000	$ 6,000,000	$ 5,000,000

Question 2. There are many differences between financial and managerial accounting. Identify and explain at least 5 of these differences