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Hello, I need some help with double checking my answer and figuring out another answer for these questions: 17. What was Lowery's Cash Flow to
Hello,
I need some help with double checking my answer and figuring out another answer for these questions:
17. What was Lowery's Cash Flow to Creditors in 2019? | ||||
18. What was Lowery's Cash Flow to Stockholders in 2019? |
For 17.) I got 2,049,000 and for 18.) I'm having a difficult time solving it. Please show the steps taken to get the answers so that I can learn it. Thank you!
2018 2019 BALANCE SHEET: Assets: Cash Accounts Receivable Inventory Fixed Assets, net Total Assets $145,000 475,000 325,000 400.000 $1,345,000 $185,000 572,000 310,000 495,000 $1,562,000 Liabilities and Equity Accounts Payable Long-term Debt Common Stock Retained Earnings Total Liabilities and Equity $337,000 525,000 50,000 433.000 $1,345,000 $378.000 605,000 70,000 509,000 $1,562,000 FY2019 INCOME STATEMENT: Revenue Cost of Goods Sold General and Administrative Depreciation Expense Earnings Before Interest and Taxes Interest Expense Pretax Net Income Income Taxes Net Income $3,200,000 2,090,000 605,000 95,000 410,000 40.000 370,000 103,600 $266,400Step by Step Solution
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