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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 $18,900 for 2017
Cash flow from assets. Use the data from the following financial statements in the popup window, The company paid interest expense of $18,900 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. The operating cash flow is $ (Round to the nearest dollar.) Partial Income Statement Year Ending 2017 Sales revenue $349,800 Cost of goods sold $141,800 Fixed costs $42,9001 Selling, general, and administrative expenses $27,900 Depreciation $46,000 (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 $27,900 Accounts payable Inventories $48,200 Long-term debt Fixed assets $368,000 OWNERS' EQUITY Accumulated depreciation $141,000 Retained earnings Intangible assets $82,100 Common stock $14,100 $19,100 $190,100 $132,000 Partial Balance Sheet 12/31/2017 LIABILITIES ASSETS Cash $12,200 $24,100 $162,000 Accounts receivable Inventories Fixed assets Accumulated depreciation Intangible assets $26,000 Notes payable $18,900 Accounts payable $53,000 Long-term debt $447,900 OWNERS' EQUITY Retained earnings $82,100 Common stock $182,000
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