The following financial statements and additional information are reported. \begin{tabular}{lrr} \multicolumn{3}{c}{ IKIBAN INCORPORATED } \\ At June 30 & 2021 & \\ Assets & & 2020 \\ Cash & $93,100 & $68,000 \\ Accounts receivable, net & 101,000 & 75,000 \\ Inventory & 87,800 & 122,500 \\ Prepaid expenses & 6,800 & 10,200 \\ Total current assets & 288,700 & 275,700 \\ Equipment & 148,000 & 139,000 \\ Accumulated depreciation-Equipment & (39,000) & (21,000) \\ Total assets & $397,700 & $393,700 \\ Liabilities and Equity & & \\ Accounts payable & $49,000 & $66,000 \\ Wages payable & 8,400 & 19,800 \\ Income taxes payable & 5,800 & 8,600 \\ Total current liabilities & 63,200 & 94,400 \\ Notes payable (long term) & 54,000 & 84,000 \\ Total liabilities & 117,200 & 178,400 \\ Equity & & \\ Common stock, $5 par value & 268,000 & 184,000 \\ Retained earnings & 12,500 & 31,300 \\ Total liabilities and equity & $397,700 & $393,700 \\ \hline \hline \end{tabular} Additional Information a. A $30,000 notes payable is retired at its $30,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $81,600 cash. d. Received cash for the sale of equipment that had cost $72,600, yielding a $4,400 gain. e. Prepaid Expenses and Wages Payable relate to Operating Expenses on the income statement. f. All purchases and sales of inventory are on credit. (2) Compute the company's cash flow on total assets ratio for its fiscal year 2021