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

question 39

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%.

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Definitions:

African Americans

A term referring to citizens or residents of the United States who have origins in any of the black populations of Africa.

White Landowners

Historically, individuals of European descent who owned substantial agricultural lands, often in contexts involving racial and economic power dynamics.

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A faction within the U.S. Republican Party after the Civil War focused on ensuring the rights of freed slaves and implementing harsh reconstruction policies on Southern states.