Question
Cash flow from assets. Use the data from the following financial statements in the popup window, LOADING... . The company paid interest expense of $
Cash flow from assets.Use the data from the following financial statements in the popup window,
LOADING...
. The company paid interest expense of
$ 17 comma 700$17,700
for 2014 and had an overall tax rate of
40 %40%
for 2014. Find the cash flow from assets for 2014, and break it into its three parts: operating cash flow, capital spending, and change in net working capital.
The operating cash flow is
$nothing.
(Round to the nearest dollar.)
Partial Income Statement Year Ending 2014 | |
Sales revenue | $349,800 |
Cost of goods sold | $141,800 |
Fixed costs | $42,800 |
Selling, general, and administrative expenses | $28,200 |
Depreciation | $45,900 |
Partial Balance Sheet 12/31/2013 | |||
ASSETS |
| LIABILITIES |
|
Cash | $16,200 | Notes payable | $13,900 |
Accounts receivable | $27,900 | Accounts payable | $19,100 |
Inventories | $48,000 | Long-term debt | $189,800 |
Fixed assets | $368,000 | OWNERS' EQUITY |
|
Accumulated depreciation | $140,500 | Retained earnings |
|
Intangible assets | $82,000 | Common stock | $132,000 |
Partial Balance Sheet 12/31/2014 | |||
ASSETS |
| LIABILITIES |
|
Cash | $25,800 | Notes payable | $12,100 |
Accounts receivable | $19,000 | Accounts payable | $23,800 |
Inventories | $53,100 | Long-term debt | $161,900 |
Fixed assets | $447,900 | OWNERS' EQUITY |
|
Accumulated depreciation |
| Retained earnings |
|
Intangible assets | $82,000 | Common stock | $182,000 |
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