Homework Help is Here – Start Your Trial Now!
Business
Accounting
Tech Solutions reports the following financial information: • Total assets at beginning of year: $600,000 Total assets at end of year: $800,000 ⚫ Sales revenue: $1,200,000 ⚫ Net income: $180,000 ⚫ Net cash flows from operating activities: $250,000 Calculate Tech Solutions' cash return on assets.

Tech Solutions reports the following financial information: • Total assets at beginning of year: $600,000 Total assets at end of year: $800,000 ⚫ Sales revenue: $1,200,000 ⚫ Net income: $180,000 ⚫ Net cash flows from operating activities: $250,000 Calculate Tech Solutions' cash return on assets.

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
ChapterMB: Model-building Problems
Section: Chapter Questions
Problem 14M
See similar textbooks
icon
Related questions
Question

Quick answer of this accounting questions

Tech Solutions reports the following financial information: • Total assets at beginning of year: $600,000 Total assets at end of year: $800,000 ⚫ Sales revenue: $1,200,000 ⚫ Net income: $180,000 ⚫ Net cash flows from operating activities: $250,000 Calculate Tech Solutions' cash return on assets.
Transcribed Image Text:Tech Solutions reports the following financial information: • Total assets at beginning of year: $600,000 Total assets at end of year: $800,000 ⚫ Sales revenue: $1,200,000 ⚫ Net income: $180,000 ⚫ Net cash flows from operating activities: $250,000 Calculate Tech Solutions' cash return on assets.
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
Finance
ISBN:
9781285595047
Author:
Weil
Publisher:
Cengage
International Financial Management
International Financial Management
Finance
ISBN:
9780357130698
Author:
Madura
Publisher:
Cengage
Financial Accounting: The Impact on Decision Make…
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS