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Use the data from the following financial statements in the popup window. The company paid interest expense of $18,100 for 2017 and had an overall
Use the data from the following financial statements in the popup window. The company paid interest expense of $18,100 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: operating cash flow, capital spending, and change in the net working capital.
(Click on the following iconin order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $141,800 Fixed costs $43,200 Selling, general, and administrative expenses $28,000 Depreciation $45,900 in order to copy its contents into a spreadsheet.) (Click on the following icon Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES $13,800 $15,800 Notes payable Cash $28,000 Accounts payable $19,200 $189,800 Accounts receivable Inventories $47,900 Long-term debt Fixed assets $368,000 OWNERS' EQUITY Accumulated depreciation $140,200 Retained earnings $82,000 Common stock $131,800 Intangible assets in order to copy its contents into a spreadsheet.) (Click on the following icon Partial Balance Sheet 12/31/2017 LIABILITIES ASSETS $26,200 Notes payable $12,100 Cash $18,900 Accounts payable $23,900 Accounts receivable $161,900 Inventories $52,900 Long-term debt Fixed assets $448,100 OWNERS' EQUITY Retained earnings Accumulated depreciation $82,000 Common stock $181,900 Intangible assets Cash flow from assets. Use the data from the following financial statements in the popup window, The company paid interest expense of $18,100 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: operating cash flow, capital spending, and change in net working capital. (Click on the following iconin order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $141,800 Fixed costs $43,200 Selling, general, and administrative expenses $28,000 Depreciation $45,900 in order to copy its contents into a spreadsheet.) (Click on the following icon Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES $13,800 $15,800 Notes payable Cash $28,000 Accounts payable $19,200 $189,800 Accounts receivable Inventories $47,900 Long-term debt Fixed assets $368,000 OWNERS' EQUITY Accumulated depreciation $140,200 Retained earnings $82,000 Common stock $131,800 Intangible assets in order to copy its contents into a spreadsheet.) (Click on the following icon Partial Balance Sheet 12/31/2017 LIABILITIES ASSETS $26,200 Notes payable $12,100 Cash $18,900 Accounts payable $23,900 Accounts receivable $161,900 Inventories $52,900 Long-term debt Fixed assets $448,100 OWNERS' EQUITY Retained earnings Accumulated depreciation $82,000 Common stock $181,900 Intangible assets Cash flow from assets. Use the data from the following financial statements in the popup window, The company paid interest expense of $18,100 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: operating cash flow, capital spending, and change in net working capitalStep by Step Solution
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