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Please Check if my output is correct, also I don't know how to find the Fixed Assets Sold and Debt Retired, please let me how
Please Check if my output is correct, also I don't know how to find the Fixed Assets Sold and Debt Retired, please let me how to find them from the input. and if there's anything wrong let me know what it is. and how to find the correct answer. Thank you :)
Input area Sales Costs Depreciation Interest $ $ $ $ 44,730 22,432 3,777 1,032 Current assets Net fixed assets $ $ 2018 2,989 $ 13,862 $ 2019 3,169 14,493 Current liabilities Long-term debt $ $ 2018 1,291 $ 7,161 $ 2019 1,898 8,221 $ 2019 New fixed assets purchased Tax rate 2019 New long-term debt 7,876 22% 2,371 $ Output area: $ Income Statement Sales Costs Depreciation expense EBIT Interest expense EBT Taxes Net income $ 44,730 22,432 3,777 18,521 1,032 17,489 3,848 13,641 $ $ $ $ a) 2018 Total assets 2018 Total liabilities 2018 Owners' equity 16,851 8.452 8,399 # 2019 Total assets # 2019 Total liabilities 2019 Owners' equity 25,538 14,861 10.677 s $ $ b) 2019 Net working capital 2018 Net working capital Change in net working capital 1,271 1,698 (427) s $ 8,507 c) Net capital spending Fixed assets sold $ Operating cash flow Cash flow from assets 18,450 10,370 $ d) Net new borrowing Cash flow to creditors $ $ 3,431 (2,399) Debt retiredStep by Step Solution
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