The following financial statements and additional information are reported. 2016 . IKTBAN INC Comparative Balance Sheets June 30, 2017 and 2016 2017 Assets Cash $102,700 Accounts receivable, net 77,000 Inventory 71,800 Prepaid expenses 5,200 Total current assets 256,700 Equipment 132,000 Accum. depreciation Equipment (31, 000) Total assets $357, 700 Liabilities and Equity Accounts payable $ 33,000 Wages payable 6,800 Income taxes payable 4,200 Total current liabilities 44,000 Notes payable (long term) 38,000 Total liabilities 82,000 Equity Common stock, $5 par value 236,000 Retained earnings 39,700 257 700 $ 52,000 59,000 98,500 7,000 216,500 123,000 (13,000) $326,500 $ 42,000 16,600 5,400 64,000 68,000 132,000 168,000 26,500 d226 san TULA LIDLLLLUES OLU 124,00 Equity Common stock, $5 par value Retained earnings Total liabilities and equity 236,000 39,700 $357,700 168,000 26,500 $326,500 IKIBAN INC. Income Statement For Year Ended June 30, 2017 Sales $718,000 Cost of goods sold 419,000 Gross profit 299,000 Operating expenses Depreciation expense $66,600 Other expenses 75,000 Total operating expenses 141,600 157,400 Other gains (losses) Gain on sale of equipment 2,800 Income before taxes 160, 200 Income taxes expense 44,690 Net income $115,510 (2) Compute the company's cash flow on total assets ratio for its fiscal year 2017 Choose Numerator: 1 Cash Flow on Total Assets Ratio Choose Denominator: Cash Flow on Total Assets Ratio Cash flow on total assets ratio 1 11 1