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Answer for capital spending and change in net working capital. Cash flow from assets. Use the data from the following financial statements in the popup
Answer for capital spending and change in net working capital.
Cash flow from assets. Use the data from the following financial statements in the popup window, B . The company paid interest expense of $17,000 for 2017 and had an overall tax rate of 40% for 2017. Find the cash flow from assets for 2017, and break it into its three parts: operating cash flow, capital spending, and change in net working capital. The operating cash flow is $ 107,280. (Round to the nearest dollar.) The capital spending is $ (Round to the nearest dollar.) Partial Income Statement Year Ending 2017 Sales revenue Cost of goods sold Fixed costs Selling, general, and administrative expenses $350,000 $142,000 $43,100 $28,100 $46,000 Depreciation (Click on the following icon ASSETS Cash Accounts receivable in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 LIABILITIES $15,800 Notes payable $28,100 Accounts payable $48,100 Long-term debt $367,900 OWNERS' EQUITY $144,000 Retained earnings $82,200 Common stock $13,900 $19,000 $189,900 Inventories Fixed assets Accumulated depreciation Intangible assets $131,800 click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash Accounts receivable $12,000 $24,200 $161,900 Inventories $26,000 Notes payable $19,100 Accounts payable $52,800 Long-term debt $448,200 OWNERS' EQUITY Retained earnings $82,200 Common stock Fixed assets Accumulated depreciation Intangible assets $181,900Step by Step Solution
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