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The balance sheet of Cranium Gaming reports total assets of $310,000 and $610,000 at the beginning and end of the year, respectively. Sales revenues
The balance sheet of Cranium Gaming reports total assets of $310,000 and $610,000 at the beginning and end of the year, respectively. Sales revenues are $2.00 million, net income is $56,000, and operating cash flows are $50,500. Calculate the cash return on assets, cash flow to sales, and asset turnover for Cranium Gaming. (Enter your answers in dollars, not millions (i.e., $10.1 million should be entered as 10,100,000).) Cash Return on Assets Cash Flow to Sales Asset Turnover 11 11 times
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