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 24 percent): 2019 2020 Sales $ 13,073 $ 16,534 Depreciation 1,691 1,766 Cost

image text in transcribed

Use the following information for Ingersoll, Inc., (assume the tax rate is 24 percent): 2019 2020 Sales $ 13,073 $ 16,534 Depreciation 1,691 1,766 Cost of goods sold 4,129 4,737 Other expenses 961 839 Interest 810 941 Cash 6,112 6,556 Accounts receivable 8,070 9,517 Long-term debt 20,410 24,711 Net fixed assets 50,954 54,363 Accounts payable 5,632 5,911 Inventory 14,334 15,318 Dividends 1,100 1,648 For 2020, 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.) 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

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

Banking Reforms And Monetary Policy In The Peoples Republic Of China

Authors: Yong Guo

1st Edition

1403900787,1403914540

More Books

Students also viewed these Finance questions

Question

Why is MS Excel still the best risk management software package?

Answered: 1 week ago