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

question 57

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:

Graded Potential

Small voltage fluctuation across the cell membrane.

Voltage-Sensitive

Referring to mechanisms or devices that respond to changes in electrical potential or voltage across their membrane or structure.

Nerve Impulses

Electrical signals that transport information along the neurons, facilitating communication within the nervous system.