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The following information has been extracted from the financial statements of a company. Net income in 2016 = $3,000 Annual depreciation in 2016 $1,000
The following information has been extracted from the financial statements of a company. Net income in 2016 = $3,000 Annual depreciation in 2016 $1,000 Interests in 2016= $500 Working capital in 2016 = $4,000 Working capital in 2015 = $5,000 Net Fixed assets in 2016 $70,000 Cumulative depreciation in 2016 = $5,000 Gross fixed assets in 2015 = $60,000 There is no other long-term assets in the balance sheets of 2015 and 2016. What is the Cash Flow From Assets (CFFA) for 2016? When answering the question (filling in the blank), DO NOT use dollar signs, USE commas to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign in front of first digit for negative numbers. Round to the nearest dollar.
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