Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the following information for Ingersoll, Inc. Assume the tax rate is 21 percent. 2018 2019 Sales$21,049$19,038Depreciation2,4662,574Cost of goods sold6,1406,821SG&A1,4061,223Interest1,1551,370Cash8,7219,517Accounts receivable11,57813,752Short-term notes payable1,7641,731Long-term debt29,33035,454Net fixed

Use the following information for Ingersoll, Inc. Assume the tax rate is 21 percent.

2018 2019Sales$21,049$19,038Depreciation2,4662,574Cost of goods sold6,1406,821SG&A1,4061,223Interest1,1551,370Cash8,7219,517Accounts receivable11,57813,752Short-term notes payable1,7641,731Long-term debt29,33035,454Net fixed assets72,97677,880Accounts payable6,3236,910Inventory20,57721,952Dividends2,4292,404

CASH FLOW FROM ASSETS=?

CASH FLOW TO CREDITORS=?

CASH FLOW TO STOCKHOLDERS=?

For 2019, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Local Public Finance And Public Policy Volume 3 1987

Authors: John M. Quigley

1st Edition

0892326484, 9780892326488

More Books

Students also viewed these Finance questions

Question

Explain the steps involved in training programmes.

Answered: 1 week ago

Question

What are the need and importance of training ?

Answered: 1 week ago

Question

What is job rotation ?

Answered: 1 week ago