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 $ 8,035 $ 8,609 Depreciation 1,145 1,146 Cost
Use the following information for Ingersoll, Inc., (assume the tax rate is 40 percent): |
2011 | 2012 | |||||
Sales | $ | 8,035 | $ | 8,609 | ||
Depreciation | 1,145 | 1,146 | ||||
Cost of goods sold | 2,716 | 3,080 | ||||
Other expenses | 659 | 554 | ||||
Interest | 545 | 623 | ||||
Cash | 4,129 | 5,223 | ||||
Accounts receivable | 5,459 | 6,147 | ||||
Short-term notes payable | 814 | 766 | ||||
Long-term debt | 13,680 | 16,250 | ||||
Net fixed assets | 34,655 | 35,517 | ||||
Accounts payable | 4,356 | 4,205 | ||||
Inventory | 9,690 | 9,958 | ||||
Dividends | 976 | 1,071 | ||||
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