Question
Eisenhorn's Emporium (EE) had the following operating results for 2021: Sales = $27,360; cost of goods sold = $19,260; depreciation expense = $7,128; interest expense
Eisenhorn's Emporium (EE) had the following operating results for 2021: Sales = $27,360; cost of goods sold = $19,260; depreciation expense = $7,128; interest expense = $2,190; dividends paid = $1,560; taxes paid = $1,598.
Their basic financial statements also reveal the following: At the beginning of the year, net fixed assets were $16,380, current assets were $5,760, and current liabilities were $3,240. At the end of the year, net fixed assets were $22,199, current assets were $7,116, and current liabilities were $3,780.
What is EE's cash flow from assets for 2021? Round to the nearest dollar.
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