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Use the data from the following financial statements in the popup window, The company paid interest expense of $17,700 and had an overall tax rate
Use the data from the following financial statements in the popup window,
The company paid interest expense of $17,700 and had an overall tax rate of 40% for 2017 Find the cash flow for 2017 and break it into 3 parts: operating cash flow, capital spending, and change in net working capital.
What is the cash flow from assets?
Partial Income Statement Year Ending 2017 Sales revenue $349,800 Cost of goods sold $141,900 Fixed costs $43,200 Selling, general, and administrative expenses $27,800 Depreciation $46,000 ASSETS Cash Accounts receivable Inventories Partial Balance Sheet 12/31/2017 LIABILITIES $26,200 Notes payable $18,800 Accounts payable $52,800 Long-term debt $448,000 OWNERS' EQUITY Retained earnings $81,900 Common stock $12,200 $24,200 $162,000 Fixed assets Accumulated depreciation Intangible assets $181,800Step by Step Solution
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