A company had net cash flows from operations of $129,000, cash flows from financing of $348,000, total cash flows of $527,000, and average total assets of $3,040,000. The cash flow on total assets ratio equals: a. 4.2% b. 4.4% c. 17.3% d. 17.5% e. 24.5%

A company had net cash flows from operations of $129,000, cash flows from financing of $348,000, total cash flows of $527,000, and average total assets of $3,040,000. The cash flow on total assets ratio equals: a. 4.2% b. 4.4% c. 17.3% d. 17.5% e. 24.5%

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...

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Question

Please Provide General Accounting Question solution

A company had net cash flows from operations of $129,000, cash
flows from financing of $348,000, total cash flows of $527,000,
and average total assets of $3,040,000. The cash flow on total
assets ratio equals:
a. 4.2%
b. 4.4%
c. 17.3%
d. 17.5%
e. 24.5%

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