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Based on the following balance sheet and income statement, compute (a) the cash flow from assets , (b) cash flow to creditors , and (c)
Based on the following balance sheet and income statement, compute (a) the cash flow from assets, (b) cash flow to creditors, and (c) cash flow to stockholders.
Ingersol Inc. Income Statement 2014 2015 Sales $ 8.535 $ 9,109 Depreciation 1.195 1.196 COGS 2.766 3,130 other expenses 709 604 EBIT 3,865 4,179 Interest 595 673 Taxable income 3,270 3,506 taxes 1,144.5 1,227.1 Net Income 2,125.5 2,278.9 Dividends 1,026 1,121 Add. To Retained Earnings 1,100 1.158 Balance Sheet 2014 2015 Cash 4,179 5,273 Accounts receivable 5,509 6.197 Inventory 9,740 10,008 Current Assets 19,428 21,478 Net fixed assets 35.155 36,117 Total Assets 54,583 57,595 Accounts payable 4,456 4,255 short-term notes payable 864 816 Current Liabilities 5,320 5,071 14,230 16,750 Long-term debt Shareholders' equity 35,033 35,774 Total Liabilities & Equity 54,583 57,595Step by Step Solution
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