Additional Information
a A $ notes payable is retired at its $ carrying book value in exchange for cash.
b The only changes affecting retained earnings are net income and cash dividends paid.
c New equipment is acquired for $ cash.
d Received cash for the sale of equipment that had cost $ yielding a $ gain.
e Prepaid Expenses and Wages Payable relate to Operating Expenses on the income statement.
f All purchases and sales of inventory are on credit.
points
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Exercise Algo Part
Compute the company's cash flow on total assets ratio for its fiscal year
tableCash Flow on Total Assets RatioChoose Numerator:,Choose Denominator:,Cash Flow on Total Assets RatioOperating cash flows,Average total assets,Cash flow on total assets ratiovdots,,
