Chapter 12, Problem 11E

1.

To determine

To prepare:

A statement of cash flows for the year ended June 30, 2015 using the indirect method.

2.

To determine

Cash flow on total assets:

Cash flow on total assets is the ratio that indicates the position of a company. It tells whether the company is able to fulfill its obligation or not within a definite time period. It is a cash-based ratio. It can be calculated by dividing the cash flow operation by the average total cost.

The cash flow on total assets ratio for the fiscal year 2015.