If net cash flows from operating activities were $316,000, net income were $200,000, and net sales were $2,000,000, cash flows to sales would equal: (Round amounts to one decimal place.) a. 10.0% b. $116,000 c. 15.8% d. 0.6 times
If net cash flows from operating activities were $316,000, net income were $200,000, and net sales were $2,000,000, cash flows to sales would equal: (Round amounts to one decimal place.) a. 10.0% b. $116,000 c. 15.8% d. 0.6 times
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...
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If net
a. 10.0%
b. $116,000
c. 15.8%
d. 0.6 times
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