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
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
ChapterMB: Model-building Problems
Section: Chapter Questions
Problem 14M
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