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Please show all work, Thank you! Cash flow from assets. Use the data from the following financial statements in the popup window, The company paid
Please show all work, Thank you!
Cash flow from assets. Use the data from the following financial statements in the popup window, The company paid interest expense of $17,000 for 2017 and had an overall tax rate of 40% for 2017 change in net working capital. Data Table The operating cash flow is $ 107540 (Round to the nearest dollar.) The capital spending is $(Round to the nearest dollar.) Partial Income Statement Year Ending 2017 Sales revenue $349,900 Cost of goods sold $142,000 Fixed costs $42,800 $27,800 Selling, general, and administrative expenses Depreciation $45,900 Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES $16,200 Notes payable $27,800 Accounts payable Cash $13,900 Accounts receivable $19,200 $47,900 Long-term debt $189.800 Inventories $367,900 OWNERS' EQUITY Fixed assets Accumulated depreciation $142,200 Retained earnings $132,000 Intangible assets $82,200 Common stock Partial Balance Sheet 12/31/2017 ASSETS LIABILITIE S $26,100 Notes payable Cash $11,900 $19,000 Accounts payable Accounts receivable $23,900 $53,100 Long-term debt Inventories $162,000 $448,000 OWNERS' EQUITY Fixed assets Accumulated depreciation Retained earnings $82.200 Common stock Intangible assets $181.800Step by Step Solution
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