How does tech track''s cash flow to sales ratio compare, Accounting Basics

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How does tech track''s cash flow to sales ratio compare

The balance sheet of Tech Track reports total assets of $400,000 and $500,000 at the beginning and end of the year, respectively. Sales revenues are $1.1 million ($0.8 million in the previous year), net income is $40,000, and net cash flows from operating activities are $50,000. How does Tech Track's cash flow to sales ratio compare to the industry average of 5%?

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Accounting Basics: How does tech track''s cash flow to sales ratio compare

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Accounting Basics: How does tech track''s cash flow to sales ratio compare

Reference No:- TGS0704063

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Explain the beginning balances in accounts receivable

Q : Calculate the market value of bonnie bond

Q : What is the amount of cash paid for operating expenses

Q : Shares of no par value common stock

Q : How does tech track''s cash flow to sales ratio compare

Q : Determining the comparative effects

Q : What would the cost schedule of cost of goods

Q : Calculate the ending inventory value at cost

Q : Kertis had accumulated depreciation

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How does tech track''s cash flow to sales ratio compare

Reference No:- TGS0704063

Recent Questions Asked Accounting Basics

Q : Explain the beginning balances in accounts receivable

Q : Calculate the market value of bonnie bond

Q : What is the amount of cash paid for operating expenses

Q : Shares of no par value common stock

Q : How does tech track''s cash flow to sales ratio compare

Q : Determining the comparative effects

Q : What would the cost schedule of cost of goods

Q : Calculate the ending inventory value at cost

Q : Kertis had accumulated depreciation

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