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Question
A company reported net sales of $850,000, net income of $200,000 and average total assets of
$575,000. Calculate its return on total assets.
Answer
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Use the information provided to calculate the cash paid for insurance for the period
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Cash paid for insurance.. $
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Use the information provided below to calculate the cash paid for interest for the period.
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Cash paid for interest $
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Explain the use of a spreadsheet in the preparation of the statement of cash flows.