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A company reported net income of $132,000, operating cash flows of $87,000, total cash flows of
$112,000, and average total assets of $1,053,000. Calculate its cash flow on total assets ratio.
Intoxicated
A state of being impaired, typically due to the consumption of alcohol or drugs, affecting one's cognitive and physical abilities.
Voidable Option
A contract provision that allows one party to void the contract under certain circumstances, making it enforceable at the discretion of one party.
Status Quo
The existing state of affairs or current condition or situation, which is often maintained or referred to in discussions of change.
Contract Creation
The process of forming an agreement between parties that is legally enforceable.
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