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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 $17,800 for
Cash flow from assets. Use the data from the following financial statements in the popup window, The company paid interest expense of $17,800 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. Data table 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 $350,100 Cost of goods sold $142,000 Fixed costs $43,000 Selling, general, and administrative expenses $28,100 Depreciation $46,200 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS Cash LIABILITIES $16,000 Notes payable $13,800 Accounts receivable $28,200 Accounts payable $18,800 Inventories $48,100 Long-term debt $189,900 Fixed assets $368,000 OWNERS' EQUITY Accumulated depreciation $140,700 Retained earnings Intangible assets $81,900 Common stock $131,800
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