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The balance sheet of Cranium Gaming reports total assets of $480,000 and $780,000 at the beginning and end of the year, respectively. Sales revenues
The balance sheet of Cranium Gaming reports total assets of $480,000 and $780,000 at the beginning and end of the year, respectively. Sales revenues are $1.90 million, net income is $73,000, and operating cash flows are $59,000. 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).) Answer is not complete. Cash Return on Assets Operating cash flow Average total assets 59,000 $ $ Operating cash flow O 59,000 9.4% 630,000 Cash Flow to Sales Net sales - 3.1% $ 1,900,000 ( Asset Turnover. Average total assets O Net sales 1,900,000 $ 630,000 3.0 times
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