Use the following income statement and information about changes in noncash current assets and liabilities to (1)prepare only the cash flows from operating activities section of the statement of cash flows using the indirect method and (2)compute the company's cash flow on total assets ratio for the year assuming that average total assets are $525,250.
Changes in current asset and current liability accounts for the year that relate to operations follow.
Definitions:
Return on Investment
A measure of the profitability of an investment, calculated by dividing the net profit by the initial cost of the investment.
Total Sales
The sum of all sales (revenue) generated by a business within a specific period, reflecting the volume or value of all units sold.
Operating Data
Information related to the day-to-day functions of a business, which includes sales, production volumes, and inventory levels, used to support operational decision-making.
Sales
The total revenue generated from the sale of goods or services.
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