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23 May, 11:06

MRC Company reports the following information for 2018: total assets of $65,000 and total cash provided from operations of $20,000; For 2017: total assets of $75,000 and cash provided from operations of $5,000. Cash flow on total assets for 2018 is (round to the nearest tenth) : ?

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  1. 23 May, 11:31
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    28.57%

    Explanation:

    The computation of the cash flow on total assets equal to

    = Cash flow from operations : average total asset

    where,

    Cash flow from operations = $20,000

    Average total asset is

    = (Beginning total assets + ending total assets) : 2

    = ($75,000 + $65,000) : 2

    = $70,000

    So, Cash flow on total assets for 2018 is

    = $20,000 : $70,000

    = 28.57%
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