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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 $18,200 for
Cash flow from assets. Use the data from the following financial statements in the popup window, B. The company paid interest expense of $18,200 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 $141,900 Fixed costs $42,900 Selling, general, and administrative expenses $27,800 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 $15,800 Notes payable Accounts receivable $28,100 Accounts payable Inventories $47,900 Long-term debt Fixed assets $368,200 OWNERS' EQUITY Accumulated depreciation $140,800 Retained earnings Intangible assets $82,200 Common stock $14,100 $19,200 $189,900 $131,900 (Click on the following icon 2 in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $26,000 Notes payable Accounts receivable $19,000 Accounts payable Inventories $52,900 Long-term debt Fixed assets $448,000 OWNERS' EQUITY Accumulated depreciation Retained earnings Intangible assets $82,200 Common stock $12,000 $23,800 $161,900 $181,800
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