Question
Income Statement Balance Sheet Year Ended 12/31/10 12/31/2010 12/31/2009 Sales $1,300,000 Current Assets $50,000 $45,000 Cost of Goods Sold 750,000 Gross Fixed Assets 880,000 650,000
Income Statement |
| Balance Sheet |
| |||
Year Ended 12/31/10 |
|
| 12/31/2010 |
| 12/31/2009 | |
Sales | $1,300,000 |
| Current Assets | $50,000 |
| $45,000 |
Cost of Goods Sold | 750,000 |
| Gross Fixed Assets | 880,000 |
| 650,000 |
Operating Expenses | 200,000 |
| Less Accumulated Depreciation | 450,000 |
| 350,000 |
Depreciation Expense | 100,000 |
| Fixed Assets | 430,000 |
| 350,000 |
EBIT | 250,000 |
| Total Assets | $480,000 |
| $395,000 |
Interest Expense | 50,000 |
|
|
|
|
|
EBT | 200,000 |
| Current Liabilities | $35,000 |
| $50,000 |
Taxes | 80,000 |
| Long-term Debt | 330,000 |
| 270,000 |
Net Income | $120,000 |
| Common Stock | 5,000 |
| 5,000 |
|
|
| Retained Earnings | 110,000 |
| 70,000 |
|
|
| Total Liabilities & Equity | $480,000 |
| $395,000 |
Given the following financial statements for ARGON Corporation, and assuming that ARGON paid a common dividend of $80,000 in 2010, what is the company's financing cash flow for 2010?
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