39CashFlowStatement

# 39CashFlowStatement - 11 Award 10.00 points Problems Adjust...

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Unformatted text preview: 11. Award: 10.00 points Problems? Adjust credit for all students. Zoogle has the following selected data (\$ in millions): (Enter your answer in millions rounded to 2 decimal places (i.e., \$5,550,000 should be entered as 5.55).) Net sales Net income Operating cash flows Total assets, beginning Total assets, ending \$24,651 6,620 9,326 41,768 50,497 Required: 1. Calculate the return on assets. (\$ in millions) Return on Assets Zoogle Net income \$ ÷ 6,620.00 Average total assets \$ 46,132.50 = 14.35% = 20.22% 2. Calculate the cash return on assets. (\$ in millions) Cash Return on Assets Zoogle Operating cash flows \$ 9,326.00 Average total assets ÷ \$ 46,132.50 3. Calculate the cash flow to sales ratio and the asset turnover ratio. (\$ in millions) Cash Flow to Sales Zoogle Operating cash flows \$ 9,326.00 ÷ Net sales \$ 24,651.00 = 37.83% (\$ in millions) Asset Turnover Zoogle Net sales \$ 24,651.00 ÷ Average total assets \$ Explanation: 1. & 2. & 3. Average total assets = (41,768 + 50,497)/2 = 46,132.50 Hints Hint #1 References eBook & Resources 46,132.50 = 0.53 times ...
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• Winter '12
• Sand
• Interest, average total assets, Zoogle

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