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The income statement for the Lowell Store, Inc. for the last year had: Sales = $200,000; Cost of Goods Sold = $84,000; Selling, General and
The income statement for the Lowell Store, Inc. for the last year had: Sales = $200,000; Cost of Goods Sold = $84,000; Selling, General and Administrative Expense = $18,000; Depreciation = $14,600; and interest expense = 6,477. The company raised $5,923 in new equity and reduced its long-term debt by $18,000. Its tax rate is 30 percent and the retention ratio is 0.5, what was the cash flow from assets?
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