I he tnancal statements of Lowards Company inciude the tollowing data 260,000 10

Question

I he tnancal statements of Lowards Company inciude the tollowing data 260,000 104,000 78,000 Cot of Ooods Seld Operncing Expense Niet Cash Provided m Operating Activ Net Income 8,000 13,000 Balance Sheet December 31 262,100 28.800 06 500 377,400 110,000 $487,400 156,300 35,700 80,800 5,000 124,000 397,000 Liablities and Stockbolders Equity 44,400$45000 69 000 114.000 221,000 199 000 10% Bona Payable 73,000 117,400 84.000 283.000 5487.400$397000 149,000 70,000 Required: Compute the cash return on sales ratio for 2016. Round your answer to the nearest percentage (if necessary, consult a ist of formulas) Undo H Type here to search

Explanation / Answer

Ans) Cash return on sales ratio = Operating cash flow / Sales

= $89,600 / $260,000

= 0.34

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