A company reported average total assets of $249,000 in Year 1 and $292,000 in Year 2. Its net operating cash flow was $19,875 inYear 1 and $29,000 in Year 2.(1) Calculate its cash flow on total assets ratio for both years.(2) Did its cash flow on total assets improve in Year 2 versus Year 1?Complete this questlon by entering your answers In the tabs below.Required 1Required 2Calculate its cash flow on total assets ratio for both years.Cash Flow on Total Assets RatioChoose Numerator:Choose Denominator:Cash Flow on Total Assets RatioYear 1:Year 2:Required 2 >

Formula: Cash flow on total assets ratio = Net operating cash flows / Average total assets where,…

A company reported average total assets of $249,000 in Year 1 and $292,000 in Year 2. Its net operating cash flow was $19,875 in Year 1 and $29,000 in Year 2. (1) Calculate its cash flow on total assets ratio for both years. (2) Did its cash flow on total assets improve in Year 2 versus Year 1? Complete this question by entering your answers In the tabs below. Required 1 Required 2 Calculate its cash flow on total assets ratio for both years. Cash Flow on Total Assets Ratio Choose Numerator: Choose Denominator: Cash Flow on Total Assets Ratio Year 1: Year 2:

A company reported average total assets of $249,000 in Year 1 and $292,000 in Year 2. Its net operating cash flow was $19,875 in Year 1 and $29,000 in Year 2. (1) Calculate its cash flow on total assets ratio for both years. (2) Did its cash flow on total assets improve in Year 2 versus Year 1? Complete this question by entering your answers In the tabs below. Required 1 Required 2 Calculate its cash flow on total assets ratio for both years. Cash Flow on Total Assets Ratio Choose Numerator: Choose Denominator: Cash Flow on Total Assets Ratio Year 1: Year 2:

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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A company reported average total assets of $1,240,000 in Year 1 and $1,510,000 in Year 2. Its net operating cash flow was $102,920 in Year 1 and $138,920 in Year 2. (1) Calculate its cash flow on total assets ratio for both years. (2) Did its cash flow on total assets improve in Year 2 versus Year 1?
Baird Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the company's Year 2 and Year 1 year-end balance sheets. Account Title Accounts receivable Year 2 $15,000 Accounts payable $ 8,400 Year 1. $19,500 $10, 150 The Year 2 income statement showed net income of $28,700. Required a. Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with minus sign.) Cash flows from operating activities Net cash flow from operating activities $ 0
A company reported average total assets of $1,240,000 in Year 1 and $1,510,000 in Year 2. Its net operating cash flow was $102,920 in Year 1 and $138,920 in Year 2. (1) Calculate its cash flow on total assets ratio for both years. (2) Did its cash flow on total assets improve in Year 2 versus Year 1? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate its cash flow on total assets ratio for both years. Year 1: Year 2: Choose Numerator: Cash Flow on Total Assets Ratio Choose Denominator: Cash Flow on Total Assets Ratio
Using the Exhibit below, assume that the balance of Accounts Payable was $60,000 at the beginning of the current year. Furthermore, assume that the balance of Accounts Payable is $65,000 at the end of the current year. When preparing the Statement of Cash Flow using the indirect method for the current year, which of the following statements would describe the proper presentation of accounts payable on the Cash flow from operating activities section? EXHIBIT Increase (Decrease) Net Income (loss) $XXX Adjustments to reconcile net income to net cash flow from operating activities: Depreciation of fixed assets XXX Losses on disposal of assets XXX Gains on disposal of…
Using the Exhibit below, assume that the balance of Accounts Payable was $50,000 at the beginning of the current year. Furthermore, assume that the balance of Accounts Payable is $35,000 at the end of the current year. When preparing the Statement of Cash Flow using the indirect method for the current year, which of the following statements would describe the proper presentation of accounts payable on the Cash flow from operating activities section? EXHIBIT Increase (Decrease) Net Income (loss) $XXX Adjustments to reconcile net income to net cash flow from operating activities: Depreciation of fixed assets XXX Losses on disposal of assets XXX Gains on disposal of…
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