Question
Consider tax rate = 10%. 2018 2019 Sales $ 5,223 $ 5,606 Depreciation $ 750 $ 751 Cost of goods sold $ 1,797 $ 2,040
Consider tax rate = 10%. 2018 2019 Sales $ 5,223 $ 5,606 Depreciation $ 750 $ 751 Cost of goods sold $ 1,797 $ 2,040 Other operational expenses $ 426 $ 356 Interest $ 350 $ 402 Cash $ 2,739 $ 2,802 Accounts receivable $ 3,626 $ 4,085 Short-term notes payable $ 529 $ 497 Long-term debt $ 9,173 $ 10,702 Net fixed assets $ 22,970 $ 23,518 Accounts payable $ 2,877 $ 2,790 Inventory $ 6,447 $ 6,625 Dividends $ 637 $ 701 Draw the Draw the income statement for 2019 (only one year). For 2019, calculate the operating cash flow. For 2019, calculate the net capital spending. For 2019, calculate the change in net working capital. For 2019, calculate the cash flow from assets.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started