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For 2017, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders.

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For 2017, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders.


Use the following information for Ingersoll, Inc., (assume the tax rate is 35 percent):

2016 2017 $ 40,743 $ 43,277 Sales 5,853 Depreciation 5,858 Cost of goods sold 14,020 15,912 Other expenses 3,322 2,776 I

Transcribed Image Text:

2016 2017 $ 40,743 $ 43,277 Sales 5,853 Depreciation 5,858 Cost of goods sold 14,020 15,912 Other expenses 3,322 2,776 Interest 2,098 3,142 Cash 21,364 21,856 Accounts receivable 28,283 31,864 Long-term debt 71,550 83,476 Net fixed assets 179,166 183,440 25,639 Accounts payable 27,349 Inventory 50,287 51,675 Dividends 4,966 5,468

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OCF EBIT Depreciation Taxes OCF 18731 5858 545615 OCF 1913285 Change in NWC NWC end NWC beg CA CL en...View the full answer


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Depreciation of non-current assets is the process of allocating the cost of the asset over its useful life. The cost of the asset includes the purchase price, any additional costs incurred to bring the asset to its current condition and location, and any other costs that are directly attributable to the asset. The useful life of the asset is the period over which the asset is expected to be used by the company. To calculate the depreciation, companies use different methods such as straight-line, declining-balance, sum-of-the-years\'-digits, units-of-production, and group depreciation. The chosen method will depend on the type of asset, the company\'s accounting policies, and the accounting standards that are applicable. The straight-line method allocates an equal amount of the asset\'s cost over its useful life, while the declining-balance method calculates depreciation at a fixed rate, typically double the straight-line rate, but the amount of depreciation decreases over time. The sum-of-the-years\'-digits method is similar to the declining-balance method, but the rate of depreciation is calculated using a fraction that is based on the useful life of the asset. It\'s important to note that the depreciation expense will be recorded on the company\'s income statement and the accumulated depreciation will be recorded on the company\'s balance sheet. This will decrease the value of the asset on the balance sheet over time.

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