The Balance Sheet of Integrated Systems Reports Total Assets of $890,000

question 78

Essay

The balance sheet of Integrated Systems reports total assets of $890,000 and $950,000 at the beginning and end of the year,respectively.Sales revenues are $1.6 million,net income is $185,000,and net cash flows from operating activities are $155,000.Calculate the cash return on assets,cash flow to sales,and asset turnover for Integrated Systems.

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Definitions:

Victimless

Referring to an act or behavior that does not directly harm another individual.

Klismaphilia

A paraphilia where individuals experience sexual arousal from the introduction of liquids into the rectum and colon via the anus.

Sexual Pleasure

The feeling of physical or emotional satisfaction and enjoyment derived from sexual activities.

Enemas

involve the injection of fluid into the lower bowel by way of the rectum, often for medical purposes or as a part of sexual activities.