m IV - Chapters 10 & 11 iThe balance sheets of Xenon Company reports total assets of $891,000 and $958,000 at the beginning and end of the year,respectively. Sales revenues are $1.7 million, net income is $182,000, and net cash flows from operating activities are $153,000.Cash return on assetsCash flow to salesAsset turnoverRequired:Calculate the cash return on assets, cash flow to sales, and asset turnover. (Do not round intermediate calculations. Round your finalanswers to 1 decimal place.)%Saved%timesPrevHelp#

Financial ratios are very important from performance points of view and good financial ratio will…

ance sheets of Xenon Company reports total assets of $8 ively. Sales revenues are $1.7 million, net income is $182,C ed: ate the cash return on assets, cash flow to sales, and asset rs to 1 decimal place.) eturn on assets low to sales turnover % do do % times

ance sheets of Xenon Company reports total assets of $8 ively. Sales revenues are $1.7 million, net income is $182,C ed: ate the cash return on assets, cash flow to sales, and asset rs to 1 decimal place.) eturn on assets low to sales turnover % do do % times

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

m IV - Chapters 10 & 11 i
The balance sheets of Xenon Company reports total assets of $891,000 and $958,000 at the beginning and end of the year,
respectively. Sales revenues are $1.7 million, net income is $182,000, and net cash flows from operating activities are $153,000.
Cash return on assets
Cash flow to sales
Asset turnover
Required:
Calculate the cash return on assets, cash flow to sales, and asset turnover. (Do not round intermediate calculations. Round your final
answers to 1 decimal place.)
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