The Balance Sheet of Tech Track Reports Total Assets of $400,000

question 128

Multiple Choice

The balance sheet of Tech Track reports total assets of $400,000 and $500,000 at the beginning and end of the year,respectively.Sales revenues are $1.1 million ($0.8 million in the previous year) ,net income is $40,000,and net cash flows from operating activities are $50,000.How does Tech Track's cash flow to sales ratio compare to the industry average of 5%?

• A) Better.
• B) Worse.
• C) Same as.
• D) Cannot be determined with the data provided.

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