The balance sheet of Computer World reports total assets of $350,000 and $450,000 at the beginning and end of the year, respectively. Sales revenues are $800,000, net income is $100,000, and net cash flows from operating activities are $150,000. What is Computer World's cash return on assets?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The balance sheet of Computer World reports total assets
of $350,000 and $450,000 at the beginning and end of the
year, respectively. Sales revenues are $800,000, net
income is $100,000, and net cash flows from operating
activities are $150,000. What is Computer World's cash
return on assets?
Transcribed Image Text:The balance sheet of Computer World reports total assets of $350,000 and $450,000 at the beginning and end of the year, respectively. Sales revenues are $800,000, net income is $100,000, and net cash flows from operating activities are $150,000. What is Computer World's cash return on assets?
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