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HiWay Furniture has sales of $316,000, depreciation of $47,200, interest expense of $41,400, operating costs of $148,200, and taxes of $16,632. The firm has net
HiWay Furniture has sales of $316,000, depreciation of $47,200, interest expense of $41,400, operating costs of $148,200, and taxes of $16,632. The firm has net capital spending of $36,400 and a decrease in net working capital of $14,300
. a. What is the cash flow from assets for the year? (3 marks)
b. If HiWay Furniture has current liabilities of $350,000, a quick ratio of 1.65, and a current ratio of 2.9. What is the inventory? (3 marks)
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