A company reported net income of $112,000, operating cash flows of $57,000, total cash flows of $97,000, and average total assets of $962,000. Calculate its cash flow on total assets ratio.
Based on the information in the following income statement and balance sheet for Montego Bay Corporation, determine the cash flows from operating activities using the direct method.
Mansell reported net income of $233.4 million, net cash provided by operating activities of $131.4 million, total cash flows of $187.7 million, and average total assets of $2,040.8 million at the end of the year. Calculate the cash flow on total assets ratio for Mansell.
Hancock reported assets of $13,362 million at January 1 and $13,369 million as of December 31 of the current year. Hancock's net cash flows from operations were $2,204 million. Calculate the cash flow on total assets ratio for Hancock.