EBK ACCOUNTING:TOOLS F/BUSINESS...
EBK ACCOUNTING:TOOLS F/BUSINESS...
7th Edition
ISBN: 9781119494799
Author: Kimmel
Publisher: WILEY
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Chapter 12, Problem 9Q
To determine

Explain how and where the excess of cash inflow over cash outflow is identified in the statement of cash flows.

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XYZ Corp. had a net income of $1,200 million and sales revenue of $22,500 million in 2022. The company's total assets were $10,000 million at the beginning of the year and $11,500 million at the end of the year. a) Compute the asset turnover ratio. b) Compute the profit margin ratio.
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