The following financial statements and additional information are reported.

IKIBAN INC. Comparative Balance Sheets June 30, 2015 and 2014
	2015				2014
Assets
Cash	$	109,900			$	63,200
Accounts receivable, net		69,800				51,500
Inventory		66,800				96,100
Prepaid expenses		4,800				6,100
Total current assets		251,300				216,900
Equipment		131,900				117,000
Accum. depreciationEquipment		(28,200	)			(10,000	)
Total assets	$	355,000			$	323,900
Liabilities and Equity
Accounts payable	$	26,800			$	32,900
Wages payable		7,800				16,100
Income taxes payable		2,800				4,300
Total current liabilities		37,400				53,300
Notes payable (long term)		60,000				80,000
Total liabilities		97,400				133,300
Equity
Common stock, $5 par value		232,000				183,000
Retained earnings		25,600				7,600
Total liabilities and equity	$	355,000			$	323,900

IKIBAN INC. Income Statement For Year Ended June 30, 2015
Sales				$	669,000
Cost of goods sold					407,000
Gross profit					262,000
Operating expenses
Depreciation expense	$	52,900
Other expenses		66,300
Total operating expenses					119,200
					142,800
Other gains (losses)
Gain on sale of equipment					2,400
Income before taxes					145,200
Income taxes expense					58,080
Net income				$	87,120

Additional Information

a.	A $20,000 note payable is retired at its $20,000 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 $63,300 cash.
d.	Received cash for the sale of equipment that had cost $48,400, yielding a $2,400 gain.
e.	Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement.
f.	All purchases and sales of inventory are on credit.

1)

Prepare a statement of cash flows for the year ended June 30, 2015, using the indirect method.(Amounts to be deducted should be indicated with a minus sign.)

2)	Compute the company's cash flow on total assets ratio for its fiscal year 2015.