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A Company Reported Operating Cash Flows of $23,400 in 2012

question 68

Essay

A company reported operating cash flows of $23,400 in 2012 and $26,220 in 2013.The average total assets for the company in 2012 was $262,000 and $285,000 in 2013.Calculate the cash flow on total assets ratio for both years.Comment on the results.


Definitions:

Chronological Age

The exact age of a person as measured in years, months, and days from the date of birth.

Normal Distribution

A bell-shaped frequency distribution curve that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Bell-Shaped Curve

A graph describing the normal distribution, showing most instances occurring near the mean and fewer instances as one moves farther from the mean.

Intelligence

The ability to learn, understand, and apply knowledge, solve problems, and adapt to new situations.

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