Revo Company reports average total assets of $200,000, revenue of $153,000, net income of $51,000, and cash flow from operations of $58,000. (1) Compute its cash flow on total assets. (2) Is Revo's cash flow on total assets better than the 18% for its competitor, Epix Company? (1) Cash flow on total assets (2) Is Revo's cash flow on total assets better than the 18% for its competitor, Epix Company? %
Revo Company reports average total assets of $200,000, revenue of $153,000, net income of $51,000, and cash flow from operations of $58,000. (1) Compute its cash flow on total assets. (2) Is Revo's cash flow on total assets better than the 18% for its competitor, Epix Company? (1) Cash flow on total assets (2) Is Revo's cash flow on total assets better than the 18% for its competitor, Epix Company? %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Revo Company reports average total assets of $200,000, revenue of $153,000, net income of $51,000, and cash flow from operations
of $58,000.
(1) Compute its cash flow on total assets.
(2) Is Revo's cash flow on total assets better than the 18% for its competitor, Epix Company?
(1) Cash flow on total assets
(2) Is Revo's cash flow on total assets better than the 18% for its competitor, Epix Company?
%
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