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Cash flow from assets. Use the data from the following financial statements in the popup window. The company paid interest expense of $18,600 for 2017
Cash flow from assets. Use the data from the following financial statements in the popup window. The company paid interest expense of $18,600 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. Data Table The operating cash flow is $ 107860. (Round to the nearest dollar.) The capital spending is $. (Round to the nearest dollar.) Partial Income Statement Year Ending 2017 Sales revenue $350,1001 Cost of goods sold $142,000 Fixed costs $43. 200 $28,200 Selling, general, and administrative expenses Depreciation $46,000 $13,900 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $16,100 Notes payable Accounts receivable $28,000 Accounts payable Inventories $48,200 Long-term debt Fixed assets $368,000 OWNERS' EQUITY Accumulated depreciation $143,900 Retained earnings Intangible assets $82,200 Common stock $19,000 $189.800 $131,800 $12.200 (Click on the following icon e in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $26,000 Notes payable Accounts receivable $19,100 Accounts payable Inventories $53,000 Long-term debt Fixed assets $448,000 OWNERS' EQUITY Accumulated depreciation Retained earnings Intangible assets $82,200 Common stock $23.900 $161,900 Enter your answer in the answer box and then click Check Answer. $181,800 2 parts remaining Print Done Done Check
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