Digital Solutions reports the following financial information: ⚫ Total assets at beginning of year: $750,000 . Total assets at end of year: $850,000 ⚫ Sales revenue: $1,500,000 ⚫ Net income: $200,000 .Net cash flows from operating activities: $280,000 Calculate Digital Solutions' cash return on assets.

Digital Solutions reports the following financial information: ⚫ Total assets at beginning of year: $750,000 . Total assets at end of year: $850,000 ⚫ Sales revenue: $1,500,000 ⚫ Net income: $200,000 .Net cash flows from operating activities: $280,000 Calculate Digital Solutions' cash return on assets.

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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