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
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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 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

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