If net cash flows from operating activities were $316,000,net income were $200,000,and sales were $2,000,000,cash flows to sales would equal (Round amounts to one decimal place)

Question

Quizplus · Accepted Answer

Cash flows to sales = (Net Cash Flows from Operating Activities / Sales) x 100%
Cash flows to sales = ($316,000 / $2,000,000) x 100%
Cash flows to sales = 0.158, which is 15.8% (rounded to one decimal place)

If Net Cash Flows from Operating Activities Were $316,000,net Income