A company had net cash flows from operations of $120,000, cash flows from financing of $330,000, total cash flows of $500,000, and average total assets of $2,500,000. The cash flow on total assets ratio equals: A) 4.8%. B) 5.0%. C) 20.0%. D) 20.8%. E) 24.0%.

A company had net cash flows from operations of $120,000, cash flows from financing of $330,000, total cash flows of $500,000, and average total assets of $2,500,000. The cash flow on total assets ratio equals: A) 4.8%. B) 5.0%. C) 20.0%. D) 20.8%. E) 24.0%.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

A company had net cash flows from operations of
$120,000, cash flows from financing of $330,000,
total cash flows of $500,000, and average total assets
of $2,500,000. The cash flow on total assets ratio
equals:
A) 4.8%.
B) 5.0%.
C) 20.0%.
D) 20.8%.
E) 24.0%.
В
O E

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