Examlex
Trails and Paths Inc. had average operating assets of $6000000 and sales of $3000000 in 2016. If the controllable margin was $600000 the ROI was
Indirect Method
A way of reporting net cash flows from operating activities in a cash flow statement by starting with net income and adjusting it for changes in balance sheet items.
Operating Activities
Business activities related to the core functions of a company including production, sales, and delivery of the company’s products and services.
Gain
A financial gain occurs when the selling price of an asset exceeds its purchase price, resulting in a positive difference.
Indirect Method
The indirect method is a way of calculating cash flow from operating activities for the cash flow statement by adjusting net income for changes in non-cash accounts.
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