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Cash flow from assets. Use the data from the following financial statements in the popup window, B. The company paid interest expense of $18,400 for
Cash flow from assets. Use the data from the following financial statements in the popup window, B. The company paid interest expense of $18,400 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 $ (Round to the nearest dollar.) (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $349,800 Cost of goods sold $142,000 Fixed costs $43,000 $28,000 Selling, general, and administrative expenses Depreciation $45,900 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $16,000 Notes payable $13,900 Accounts receivable $28,000 Accounts payable $19,000 Inventories $48,200 Long-term debt $190, 100 Fixed assets $368,000 OWNERS' EQUITY Accumulated depreciation $142,600 Retained earnings |Intangible assets $81,800|Common stock $131,900 Fixed assets Accumulated depreciation $368,000 OWNERS' EQUITY $142,600 Retained earnings $81,800|Common stock Intangible assets $131,900 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $26,100 Notes payable $12,200 Accounts receivable $23,900 Inventories $19,100 Accounts payable $53,000 Long-term debt $447,800 OWNERS' EQUITY $162,100 Fixed assets Accumulated depreciation Retained earnings Intangible assets $81,800|Common stock $182,000
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