Question
Cash flow from assets. Use the data from the following financial statements in the popup window, The company paid interest expense of $17,700 for 2017
Cash flow from assets. Use the data from the following financial statements in the popup window, The company paid interest expense of $17,700
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.)
The capital spending is (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 | $350,000 |
Cost of goods sold | $142,000 |
Fixed costs | $43,000 |
Selling, general, and administrative expenses | $28,200 |
Depreciation | $46,000 |
Partial Balance Sheet 12/31/2016 | |||
ASSETS |
| LIABILITIES |
|
Cash | $15,900 | Notes payable | $14,200 |
Accounts receivable | $28,200 | Accounts payable | $19,000 |
Inventories | $47,800 | Long-term debt | $190,200 |
Fixed assets | $367,800 | OWNERS' EQUITY |
|
Accumulated depreciation | $140,000 | Retained earnings |
|
Intangible assets | $81,800 | Common stock | $131,900 |
Partial Balance Sheet 12/31/2017 | |||
ASSETS |
| LIABILITIES |
|
Cash | $25,800 | Notes payable | $11,900 |
Accounts receivable | $18,900 | Accounts payable | $24,200 |
Inventories | $52,800 | Long-term debt | $162,200 |
Fixed assets | $448,100 | OWNERS' EQUITY |
|
Accumulated depreciation |
| Retained earnings |
|
Intangible assets | $81,800 | Common stock | $181,800 |
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