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P2-11 (similar to) Question Help o Cash flow from assets. Use the data from the following financial statements in the popup window, 23 The company

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P2-11 (similar to) Question Help o Cash flow from assets. Use the data from the following financial statements in the popup window, 23 The company paid interest expense of $17,400 for 2017 and had an overall tax rate of 40% for 2017. Find the cash flow from assets for 2017, and break it into its three parts: operating cash flow, capital spending, and change in net working capital. The operating cash flow is $ (Round to the nearest dollar.) Partial Income Statement Year Ending 2017 Sales revenue $350,200 Cost of goods sold $142,000 Fixed costs $42,900 Selling, general, and administrative expenses $27,800 Depreciation $46,100 Click on the following icon 9 in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $16,100 Notes payable Accounts receivable $28,000 Accounts payable Inventories $47,900 Long-term debt Fixed assets $367,800 OWNERS' EQUITY Accumulated depreciation $143,300Retained earnings Intangible assets $82,100 Common stock $13,800 $18,800 $190,000 $132,000 (Click on the following icon 9 in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $26,000 Notes payable Accounts receivable $18,800 Accounts payable Inventories $53,200 Long-term debt Fixed assets $448,000 OWNERS' EQUITY Accumulated depreciation Retained earnings Intangible assets $82,100 Common stock $11,900 $23,900 $162,000 $181,800

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