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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
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 Cash flow from assets. Use the data from the following financial statements in the popup window, 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.) Data Table (Click on the following iconin order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $349,800 Cost of goods sold $141,900 Fixed costs $43,200 Selling, general, and administrative expenses $28,000 Depreciation $46,100 (Click on the following iconin order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $15,900 Notes payable $13,800 $27,900 Accounts payable $18,900 Accounts receivable $48,200 Long-term debt $190,100 Inventories Enter your answer in the answer box and then click Check Answer ? Fixed assets $368,100 OWNERS' EQUITY Accumulated depreciation $141,900 Retained earnings parts remaining k Answer $81,900 Common stock $132,000 Intangible assets (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 LIABILITIES ASSETS $12,100 $26,100 Notes payable $19,200 Accounts payable $52,900 Long-term debt $447,900 OWNERS' EQUITY Cash Accounts receivable $23,800 $162,000 Inventories Fixed assets Accumulated depreciation Retained earnings $81,900 Common stock Intangible assets $181,800
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