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A company reported average total assets of $496,000 in 2012 and $604,000 in 2013.Its net operating cash flow was $41,150 in 2012 and $55,500 in 2013.Calculate its cash flow on total assets ratio for both years.Comment on the results.
Fiduciary Duty
A legal obligation of one party to act in the best interest of another when entrusted with care of money, property, or confidential information.
Actual Authority
The express and implied powers a principal intentionally grants to an agent, allowing them to act on the principal's behalf.
Duty of Loyalty
A legal obligation of individuals, such as directors of a company or trustees, to act in the best interests of the company or trust, over and above their own interests.
Personal Concerns
Matters or issues that are primarily related to an individual's private interests, well-being, or personal circumstances.
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