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Problem 2-22 Calculating Cash Flow Use the following information for Ingersoll, Incorporated. Assume the tax rate is 21 percent. Sales Depreciation 2020 $ 21,049
Problem 2-22 Calculating Cash Flow Use the following information for Ingersoll, Incorporated. Assume the tax rate is 21 percent. Sales Depreciation 2020 $ 21,049 2021 $ 19,038 2,466 2,574 Cost of goods sold 6,140 6,821 Other expenses 1,406 1,223 Interest 1,155 1,370 Cash 8,721 9,517 Accounts receivable 11,578 13,752 Short-term notes 1,764 1,731 payable Long-term debt 29,330 35,454 Net fixed assets 72,976 77,880 Accounts payable 6,323 6,910 Inventory 20,577 21,952 Dividends 2,429 2,404 For 2021, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Cash flow from assets Cash flow to creditors Cash flow to stockholders
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