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    Fundamental Accounting Principles Study Set 1
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    Exam 16: Reporting the Statement of Cash Flows
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    A Company Reported Net Income of $132,000, Operating Cash Flows
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A Company Reported Net Income of $132,000, Operating Cash Flows

Question 112

Question 112

Essay

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.

Correct Answer:

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Cash Flow on Total Assets = Op...

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