1the following financial statements and additional

Question

1.The following financial statements and additional information are reported.

Additional Information:
a. A $ 30,000 note payable is retired at its $ 30,000 carrying (book) value in exchange for cash. 
b. The only changes affecting retained earnings are net income and cash dividends paid. 
c. New equipment is acquired for $ 57,600 cash. 
d. Received cash for the sale of equipment that had cost $48,600, yielding a $2,000 gain. 
e. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement. 
f. All purchases and sales of merchandise inventory are on credit. 

Required: 

(1) Prepare a statement of cash flows for the year ended June 30, 2013, using the indirect method, 
(2) Compute the company's cash flow on total assets ratio for its fiscal year2013.