Victoria reported assets of $13,362 million at January 1 and $13,369 million as of December 31 of the current year. Net cash flows from operations were $2,204 million. Calculate the cash flow on total assets ratio.
What will be an ideal response?
Cash Flow on Total Assets = Cash Flows from Operations/Average Total Assets
Cash Flow on Total Assets = $2,204/[($13,362 + $13,369)/2] = 16.5%
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