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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 $17,600 for
Cash flow from assets. Use the data from the following financial statements in the popup window, The company paid interest expense of $17,600 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. The operating cash flow is $ 107,920. (Round to the nearest dollar.) The capital spending is $ 79900. (Round to the nearest dollar.) The change in net working capital is $ (Round to the nearest dollar.) Partial Income Statement Year Ending 2017 Sales revenue $350,100 Cost of goods sold $141,900 Fixed costs $42,900 Selling, general, and administrative expenses $27,900 Depreciation $46,100 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS Cash Accounts receivable Inventories Fixed assets Accumulated depreciation Intangible assets LIABILITIES $16,000 Notes payable $14,100 $28,000 Accounts payable $18,800 $48,200 Long-term debt $190,100 $368,200 OWNERS' EQUITY $143,400 Retained earnings $81,800 Common stock $131,800 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $25,900 Notes payable $11,900 Accounts receivable $19,200 Accounts payable $24,000 Inventories $53,000 Long-term debt $162,200 Fixed assets $448,100 OWNERS' EQUITY Accumulated depreciation Retained earnings Intangible assets $81,800 Common stock $182,000
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