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ABC Co. has interest expense of $500, total revenues of $45,000, costs of $30,000, depreciation of $1000, and taxes of $2,000. The beginning balance sheet
ABC Co. has interest expense of $500, total revenues of $45,000, costs of $30,000, depreciation of $1000, and taxes of $2,000. The beginning balance sheet has total assets of $50,000, net fixed assets of $28,000, current liabilities of $14,000, and total liabilities of $5,000. The ending balance sheet shows total assets of $52,000, net fixed assets of $35,000, current liabilities of $18,000, and total liabilities of $10,000. What is the annual cash flow of the firm? (Do not round your intermediate calculations. Round the final answer, if necessary, to two decimal places and enter it in canvas without the dollar (\$) sign)
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