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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. Please upload your work so you may get partial credit even if your answers are incorrect. Your work file can be in any format, such as scanned files, pictures of your hand-written work, Word documents, Excel spreadsheets.
(Hint: Your answer is negative.)
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 |
Long-term debt | 14,230 | 16,750 |
Shareholders' equity | 35,033 | 35,774 |
Total Liabilities & Equity | 54,583 | 57,595 |
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