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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 return on assets?
Present Value
The current assessment of a future sum of money or cash flows, given a designated return rate.
Compounded Quarterly
The calculation of interest on the principal amount and previously earned interest on a quarterly basis.
Annuities
Financial products that provide a stream of payments over time in exchange for an initial lump sum investment.
Periodic Interest Rate
The interest rate charged or paid over a specific period of time, often less than one year, such as a month or quarter.
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