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A Company Reported Operating Cash Flows in Year 1 of $33,100

Question 1

Essay

A company reported operating cash flows in Year 1 of $33,100 and $26,220 in Year 2.Its average total assets in Year 1 were $262,000 and $313,000 in Year 2.Calculate the cash flow on total assets ratio for both years.Comment on the results.

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