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Levin Enterprises, which operates from somewhere under the brick and steel of a non-descript building, has an operating profit of $75,337, depreciation expense of $5,450,
Levin Enterprises, which operates from somewhere under the brick and steel of a non-descript building, has an operating profit of $75,337, depreciation expense of $5,450, and taxes paid of $18,955. A partial listing of its balance sheet accounts is as follows:
Beginning Balance | Ending Balance | |
Current Assets | $185,200 | $136,672 |
Net Fixed Assets | $800,533 | $708,540 |
Current Liabilities | $76,308 | $96,657 |
Long-Term Debt | $267,000 | $248,000 |
What is their level of cash flow from assets?
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