During 20x5,Oates Company had sales of $250,000,net income of $25,000,average total assets of $350,000,dividend payments of $17,500,net cash flows from operating activities of $36,000,purchases of plant assets of $37,500,and sales of plant assets of $45,000.Cash flows to assets equals (Round amounts to one decimal place)
A) 18.0 percent.
B) 14.4 percent.
C) 12.0 percent.
D) 10.3 percent.
Correct Answer:
Verified
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