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Lizard Lick Towing has sales of $504,855, COGS and SG&A totaling $241,314, depreciation expense of $67,718, and taxes paid of $80,400. A partial listing of
Lizard Lick Towing has sales of $504,855, COGS and SG&A totaling $241,314, depreciation expense of $67,718, and taxes paid of $80,400. A partial listing of its balance sheet accounts is as follows:
Beginning Balance Ending Balance
Current Assets $131,700 I $119,600
Net Fixed Assets $712,500 I $689,200
Current Liabilities $108,900 I $122,100
Long-Term Debt $796,000 I $830,500
What is the amount of Lizard Lick's cash flow from assets?
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