The Balance Sheet of Sound Designs Reports Total Assets of $750,000

question 54

Multiple Choice

The balance sheet of Sound Designs reports total assets of $750,000 and $800,000 at the beginning and end of the year, respectively. Sales revenues are $1.5 million ($1.2 million in the previous year) , net income is $150,000, and net cash flows from operating activities are $175,000. What is Sound Designs' cash flow to sales?

• A) 22.6%.
• B) 11.7%.
• C) 14.6%.
• D) 13.0%.

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The state of being fully prepared and willing to engage in a particular task, activity, or learning process.

Cognitive Ability

The capacity to perform higher mental processes of reasoning, remembering, understanding, and problem-solving.

Cognitive Ability

The capacity to perform mental processes such as reasoning, problem-solving, and learning.

Cognitive Ability

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