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Show all of your work for numerical problems. 1. Based on the following information for ABC Corporation, answer each question (calculate for year 2023).
Show all of your work for numerical problems. 1. Based on the following information for ABC Corporation, answer each question (calculate for year 2023). Assume that price per share is $13.33 and number of shares is 175. 2022 2023 Sales Cost of goods sold/Expenses 8,000 4,900 Depreciation EBIT 600 ? Interest 450 Taxable Income ? Taxes Net Income ? ? Dividends 1,370 Cash 1,000 1,200 Inventory 1,400 1,600 Account Receivable 1,600 1,800 Current assets 4,000 4,600 Net fixed assets 9,000 9,200 Current liabilities Long-term debt 3,500 3,700 4,000 4,300 Common stock Retained Earning 3,000 3,050 2,500 2,750 b. a. What are the ABC's tax liabilities (tax payments)? Use a 21 percent (flat) tax rate. Calculate cash flow from assets (CF Generating), cash flow to creditors, and cash flow to stockholders. Check CF identity
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