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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 $17,900 for 2017
Cash flow from assets. Use the data from the following financial statements in the popup window. The company paid interest expense of $17,900 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. Partial Income Statement Year Ending 2017 Sales revenue $349,800 Cost of goods sold $141,900 Fixed costs $43,000 Selling, general, and administrative expenses $28,000 Depreciation $46,100 ASSETS Partial Balance Sheet 12/31/2016 LIABILITIES $15,800 Notes payable $28,100 Accounts payable $48,200 Long-term debt $368,100 OWNERS' EQUITY $141,100 Retained earnings $81,800 Common stock Cash Accounts receivable Inventories Fixed assets Accumulated depreciation Intangible assets $14,000 $19,200 $190,200 $131,900 ASSETS Partial Balance Sheet 12/31/2017 LIABILITIES $25,800 Notes payable $18,800 Accounts payable $53,100 Long-term debt $448,200 OWNERS' EQUITY Retained earnings $81,800Common stock Cash Accounts receivable Inventories Fixed assets Accumulated depreciation Intangible assets $11,800 $24,100 $162,200 $181,900
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