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Given the following information, calculate the cash flow from assets in 2019. Statement of Comprehensive Income 2018 2019 Sales $1,250,000 $1,437,500 Cost of goods sold
Given the following information, calculate the cash flow from assets in 2019. Statement of Comprehensive Income 2018 2019 Sales $1,250,000 $1,437,500 Cost of goods sold 625,000 718,750 Other expenses 125,000 143,750 EBDIT 500,000 575,000 Depreciation 50,000 57,500 EBIT 450,000 517,500 Interest 22,800 21,063 Taxable income 427,200 496,437 Taxes 149,520 173,752.95 Net income $ 277,680 $322,684.05 Dividends $ 138,840 $161,342.025 Addition to retained earnings $ 138,840 $161,342.025 Statement of Financial Position 2018 2019 2018 2019 Cash $100,000 $115,000 A/P $80,000 $45,000 AR 75,000 86,250 Notes payable 35,000 5,158 Iny 115,000 132,250 Current liabilities 115,000 50,158 Current assets 290.000 333,500 Long-term debt 250,000 260,000 Net fixed assets 420,000 483,000 Common stock 300,000 300,000 Retained earnings 45,000 206,342 Total equity 345,000 506,342 710,000 816,500 Total assets Total liabilities and equity 710,000 816,500 Select one: O a. $161,342 O O b. $172,405 $175,000 O d. $283,342 e. $401,247
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