The balance sheets of Xenon Company reports total assets of $888,000 and $949,000 at the beginning and end of the year, respectively. Sales revenues are $1.8 million, net income is $194,000, and net cash flows from operating activities are $162,000. Required: Calculate the cash return on assets, cash flow to sales, and asset turnover. (Do not round intermediate calculations. Round your final answers to 1 decimal place.) Cash return on assets Cash flow to sales Asset turnover % % times
The balance sheets of Xenon Company reports total assets of $888,000 and $949,000 at the beginning and end of the year, respectively. Sales revenues are $1.8 million, net income is $194,000, and net cash flows from operating activities are $162,000. Required: Calculate the cash return on assets, cash flow to sales, and asset turnover. (Do not round intermediate calculations. Round your final answers to 1 decimal place.) Cash return on assets Cash flow to sales Asset turnover % % times
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![The balance sheets of Xenon Company reports total assets of $888,000 and
$949,000 at the beginning and end of the year, respectively. Sales revenues are
$1.8 million, net income is $194,000, and net cash flows from operating activities
are $162,000.
Required:
Calculate the cash return on assets, cash flow to sales, and asset turnover. (Do
not round intermediate calculations. Round your final answers to 1 decimal
place.)
Cash return on assets
Cash flow to sales
Asset turnover
%
%
times](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbb1f7588-e7d5-4669-93fb-38f498dfa5f2%2Fa7aa4005-b318-4942-ac8c-30a272e915e1%2F1gowg0l_processed.png&w=3840&q=75)
Transcribed Image Text:The balance sheets of Xenon Company reports total assets of $888,000 and
$949,000 at the beginning and end of the year, respectively. Sales revenues are
$1.8 million, net income is $194,000, and net cash flows from operating activities
are $162,000.
Required:
Calculate the cash return on assets, cash flow to sales, and asset turnover. (Do
not round intermediate calculations. Round your final answers to 1 decimal
place.)
Cash return on assets
Cash flow to sales
Asset turnover
%
%
times
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