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The company paid interest expense of $ 18,000 for 2017 and had an overall tax rate of 40% for 2017. Find the cash flow from
The company paid interest expense of $ 18,000 for 2017 and had an overall tax rate of 40% for 2017. Find the cash flow from assets for 2017, and break it into its three parts:
a. operating cash flow
b. capital spending
c. change in net working capital.
(Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $349,900 Cost of goods sold $141,900 Fixed costs $43,200 Selling, general, and administrative expenses $28,100 Depreciation $46,200 (Click on the following icon ASSETS in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 LIABILITIES $15,900 Notes payable $28,100 Accounts payable $48,000 Long-term debt $367,900 OWNERS' EQUITY $141,500 Retained earnings $82,100 Common stock Cash Accounts receivable Inventories Fixed assets Accumulated depreciation Intangible assets $14,200 $18,900 $190,000 $132,000 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 LIABILITIES ASSETS Cash Accounts receivable Inventories Fixed assets Accumulated depreciation Intangible assets $11,800 $24,100 $161,900 $26,200 Notes payable $19,200 Accounts payable $53,200 Long-term debt $448,200 OWNERS' EQUITY Retained earnings $82,100 Common stock $181,900Step by Step Solution
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