14. Financial Statement Analysis
Ratios: Cash Return on Assets
Multiple Choice
Multiple ChoiceA company has income before taxes of $120,000. Net sales are $400,000 and gross profit is $300,000. Operating cash inflows totaled $360,000 and operating cash outflows totaled $300,000. What is the cash return on assets, assuming the company has a 40% tax rate, and average total assets were $900,000?
A
6.7%
B
11.1%
C
33.3%
D
44.4%
65
views
Related Videos
Related Practice