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Given the following information, calculate the cash flow from assets in 2019. Statement of Comprehensive Income Sales Cost of goods sold Other expenses EBDIT
Given the following information, calculate the cash flow from assets in 2019. Statement of Comprehensive Income Sales Cost of goods sold Other expenses EBDIT Depreciation EBIT Interest Taxable income Taxes Net income 2018 $1,250,000 625,000 125,000 500,000 50,000 450,000 22,800 427,200 149,520 $ 277,680 2019 $1,437,500 718,750 143,750 575,000 57,500 517,500 21,063 496,437 173,752.95 $322,684.05 Dividends Addition to retained earnings Statement of Financial Position Cash A/R Inv Current assets Net fixed assets. Total assets 2018 $100,000 75,000 115,000 290,000 2019 $115,000 A/P 86,250 Notes payable 132,250 333,500 420,000 483,000 $ 138,840 $ 138,840 710,000 816,500 Current liabilities Long-term debt Common stock Retained earnings Total equity Total liabilities and equity $161,342.025 $161,342.025 2018 $80,000 35,000 115,000 2019 $45,000 5,158 50,158 250,000 260,000 300,000 300,000 45,000 206,342 345,000 506,342 710,000 816,500
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To calculate the cash flow from assets for the year 2019 we need to look at three components operating cash flow capital spending and changes in net w...Get Instant Access to Expert-Tailored Solutions
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