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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 $17,400 for 2017
Cash flow from assets. Use the data from the following financial statements in the popup window. The company paid interest expense of $17,400 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.
Operating Cash Flow =
Capital Spending =
Change in Net Working Capital =
Partial Income Statement Year Ending 2017 Sales revenue $349,800 Cost of goods sold $141,900 Fixed costs $42,800 Selling, general, and administrative expenses $27,900 Depreciation $46,100 ASSETS Cash Partial Balance Sheet 12/31/2016 LIABILITIES $15,800 Notes payable $28,000 Accounts payable $48,000 Long-term debt $367,900 OWNERS' EQUITY $143,300 Retained earnings $82,000 Common stock $13,900 $19,000 $190,000 Accounts receivable Inventories Fixed assets Accumulated depreciation Intangible assets $131,900 ASSETS Cash Partial Balance Sheet 12/31/2017 LIABILITIES $26,100 Notes payable $19,100 Accounts payable $53,100 Long-term debt $447,900 OWNERS' EQUITY Retained earnings $82,000 Common stock $11,900 $24,200 $162,200 Accounts receivable Inventories Fixed assets Accumulated depreciation Intangible assets $181,900Step by Step Solution
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