During the year Ruby Sea Nautical Supplies collected $280,000 from customers, with payments to suppliers of $62,000. Cash paid to employees amounted to $55,000, and cash paid for interest was $14,600. Total assets at the end of the previous accounting period totalled $830,000, and for the current accounting period was $865,000. Total owners equity on the current year's balance sheet was $201,600. Calculate the cash return on total assets.
During the year Ruby Sea Nautical Supplies collected $280,000 from customers, with payments to suppliers of $62,000. Cash paid to employees amounted to $55,000, and cash paid for interest was $14,600. Total assets at the end of the previous accounting period totalled $830,000, and for the current accounting period was $865,000. Total owners equity on the current year's balance sheet was $201,600. Calculate the cash return on total assets.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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During the year Ruby Sea Nautical Supplies collected $280,000 from customers, with payments to suppliers of $62,000. Cash paid to employees amounted to $55,000, and cash paid for interest was $14,600. Total assets at the end of the previous accounting period totalled $830,000, and for the current accounting period was $865,000. Total owners equity on the current year's
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