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Cash flow from assets. Use the data from the following financial statements. The company paid interest expense of $17,800 for 2017 and had an overall
Cash flow from assets. Use the data from the following financial statements. 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.
(Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $349,900 Cost of goods sold $141,800 Fixed costs $42,900 Selling, general, and administrative expenses $27,900 Depreciation $45,900 (Click on the following icon ASSETS Cash $13,9001 Accounts receivable Inventories in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 LIABILITIES $15,800 Notes payable $28,000 Accounts payable $47,900 Long-term debt $368,200 OWNERS' EQUITY $143,600 Retained earnings $82,200 Common stock $19,000 $189,900 Fixed assets Accumulated depreciation Intangible assets $132,000 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $12,200 $23,800 Accounts receivable Inventories $162,200 $25,800 Notes payable $19,000 Accounts payable $53,200 Long-term debt $447,800 OWNERS' EQUITY Retained earnings $82,200 Common stock Fixed assets Accumulated depreciation Intangible assets $182,000
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