[The following information applies to the questions displayed below.]

The following financial statements and additional information are reported.

IKIBAN INC. Comparative Balance Sheets June 30, 2015 and 2014
	2015				2014
Assets
Cash	$	111,800			$	69,700
Accounts receivable, net		69,100				51,200
Inventory		65,900				96,200
Prepaid expenses		5,000				5,600
Total current assets		251,800				222,700
Equipment		125,800				115,000
Accum. depreciationEquipment		(28,700	)			(10,700	)
Total assets	$	348,900			$	327,000
Liabilities and Equity
Accounts payable	$	26,500			$	32,200
Wages payable		7,900				16,900
Income taxes payable		2,800				3,600
Total current liabilities		37,200				52,700
Notes payable (long term)		50,000				77,000
Total liabilities		87,200				129,700
Equity
Common stock, $5 par value		237,000				189,000
Retained earnings		24,700				8,300
Total liabilities and equity	$	348,900			$	327,000

IKIBAN INC. Income Statement For Year Ended June 30, 2015
Sales				$	677,000
Cost of goods sold					411,000
Gross profit					266,000
Operating expenses
Depreciation expense	$	58,600
Other expenses		66,900
Total operating expenses					125,500
					140,500
Other gains (losses)
Gain on sale of equipment					2,700
Income before taxes					143,200
Income taxes expense					57,280
Net income				$	85,920

Additional Information

a.	A $27,000 note payable is retired at its $27,000 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 $59,500 cash.
d.	Received cash for the sale of equipment that had cost $48,700, yielding a $2,700 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.)

Please help finding any erros in the box below, and make changes accordingly.

IKIBAN, INC.
Statement of Cash Flows (Indirect Method)
For Year Ended June 30, 2015
Cash flows from operating activities
Net income	$85,920
Adjustments to reconcile net income to net cash provided by operating activities
Income statement items not affecting cash
Depreciation expense	58,600
Gain on sale of plant assets	(2,700)
Changes in current operating assets and liabilities
Decrease in inventory	30,300
Decrease in prepaid expenses	600
Decrease in accounts payable	(5,700)
Decrease in wages payable	(9,000)
Decrease in income taxes payable	(800)
Net cash provided by operating activities		$157,220
Cash flows from investing activities
Cash received from sale of equipment	2,700
Cash paid for equipment	(59,500)
Net cash used in investing activities		(56,800)
Cash flows from financing activities
Cash received from stock issuance	48,000
Cash paid to retire notes	(27,000)
Cash paid for dividends	(69,520)
Net cash used in financing activities		(48,520)
Net increase (decrease) in cash		$51,900
Cash balance at prior year-end		69,700
Cash balance at current year-end		$121,600

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

Please help filling in the last missing cell.

Cash Flow on Total Assets Ratio
Choose Numerator:	/	Choose Denominator:	=	Cash Flow on Total Assets Ratio
Operating cash flows	/	Average total assets	=	Cash flow on total assets ratio
$139,320	/		=	0