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Use the below information to answer the following question. Income Statement For the Year Net sales $631,000 COGS 442,220 Depreciation 28,100 EBIT $160,700 Interest 14,900
Use the below information to answer the following question.
Income Statement | |
For the Year | |
Net sales | $631,000 |
COGS | 442,220 |
Depreciation | 28,100 |
| |
EBIT | $160,700 |
Interest | 14,900 |
| |
Taxable income | $145,800 |
Taxes | 49,600 |
| |
Net income | $96,200 |
|
Balance Sheet | ||
Beginning of Year | End of Year | |
Cash | $ 38,200 | $43,700 |
Accounts receivable | 91,400 | 86,150 |
Inventory | 203,900 | 214,600 |
Net fixed assets | 516,100 | 537,950 |
| | |
Total assets | $849,600 | $882,400 |
| | |
Accounts payable | $136,100 | $104,300 |
Long-term debt | 329,500 | 298,200 |
Common stock ($1 par value) | 75,000 | 82,000 |
Retained earnings | 309,000 | 397,900 |
| | |
Total Liab. & Equity | $849,600 | $882,400 |
| |
What is the net cash flow to stockholders for the year? |
$95,900 |
$7,300 |
-$7,000 |
-$1,300 |
$300
It's not $95,900 or $7,300
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