Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Use the following information for Ingersoll, Inc., (assume the tax rate is 40 percent): 2011 2012 Sales $ 9,435 $ 10,009 Depreciation 1,285 1,286 Cost
Use the following information for Ingersoll, Inc., (assume the tax rate is 40 percent):
2011 | 2012 | ||||
Sales | $ | 9,435 | $ | 10,009 | |
Depreciation | 1,285 | 1,286 | |||
Cost of goods sold | 2,856 | 3,220 | |||
Other expenses | 799 | 694 | |||
Interest | 685 | 763 | |||
Cash | 4,269 | 5,363 | |||
Accounts receivable | 5,599 | 6,287 | |||
Short-term notes payable | 954 | 906 | |||
Long-term debt | 15,220 | 17,650 | |||
Net fixed assets | 36,055 | 37,197 | |||
Accounts payable | 4,636 | 4,345 | |||
Inventory | 9,830 | 10,098 | |||
Dividends | 1,116 | 1,211 | |||
For 2012, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders. (Do not round intermediate calculations. Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places. (e.g., 32.16)) | |||||
Cash flow from assets | $ | ||||
Cash flow to creditors | $ | ||||
Cash flow to stockholders | $ |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started