Brief Exercise 11-14 (Algo) Calculate the cash return on assets (LO11-6) The balance sheet of Cranium Gaming reports total assets of $480,000 and $780,000 at the beginning and end of the year, respectively. Sales revenues are $1.90 million, net income is $73,000, and operating cash flows are $59,000. Calculate the cash return on assets, cash flow to sales, and asset turnover for Cranium Gaming. (Enter your answers in dollars, not millions (i.e., $10.1 million should be entered as 10,100,000).) Cash Return on Assets Numerator/Denominator Cash Flow to Sales Numerator/Denominator Numerator/Denominator Amounts Asset Turnover Amounts Amounts times

Brief Exercise 11-14 (Algo) Calculate the cash return on assets (LO11-6) The balance sheet of Cranium Gaming reports total assets of $480,000 and $780,000 at the beginning and end of the year, respectively. Sales revenues are $1.90 million, net income is $73,000, and operating cash flows are $59,000. Calculate the cash return on assets, cash flow to sales, and asset turnover for Cranium Gaming. (Enter your answers in dollars, not millions (i.e., $10.1 million should be entered as 10,100,000).) Cash Return on Assets Numerator/Denominator Cash Flow to Sales Numerator/Denominator Numerator/Denominator Amounts Asset Turnover Amounts Amounts 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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