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Net sales Net income Operating cash flows Total assets, beginning Total assets, ending $22,651 6,420 9,306 21,768 30,497 Required: - Calculate the return on assets. . Calculate the cash return on assets. . Calculate the cash flow to sales ratio and the asset turnover ratio.

Net sales Net income Operating cash flows Total assets, beginning Total assets, ending $22,651 6,420 9,306 21,768 30,497 Required: - Calculate the return on assets. . Calculate the cash return on assets. . Calculate the cash flow to sales ratio and the asset turnover ratio.

FINANCIAL ACCOUNTING
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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Oo.83.

Subject :- Account .

Net sales Net income Operating cash flows Total assets, beginning Total assets, ending $22,651 6,420 9,306 21,768 30,497 Required: 1. Calculate the return on assets. 2. Calculate the cash return on assets. 3. Calculate the cash flow to sales ratio and the asset turnover ratio. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the return on assets. (Round your answers to 2 decimal places. Enter your answers in millions (i.e., $10,110,000 should be entered as 10.11).) ($ in millions) Return on Assets Numerator/Denominator Amounts
Transcribed Image Text:Net sales Net income Operating cash flows Total assets, beginning Total assets, ending $22,651 6,420 9,306 21,768 30,497 Required: 1. Calculate the return on assets. 2. Calculate the cash return on assets. 3. Calculate the cash flow to sales ratio and the asset turnover ratio. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the return on assets. (Round your answers to 2 decimal places. Enter your answers in millions (i.e., $10,110,000 should be entered as 10.11).) ($ in millions) Return on Assets Numerator/Denominator Amounts
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