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 30 percent): 2013 2014 Sales $ 19,573 $ 17,736 Depreciation 1,821 1,896 Cost

Use the following information for Ingersoll, Inc., (assume the tax rate is 30 percent):

2013 2014
Sales $ 19,573 $ 17,736
Depreciation 1,821 1,896
Cost of goods sold 4,779 4,867
Other expenses 1,026 904
Interest 875 1,006
Cash 6,307 6,946
Accounts receivable 8,200 9,907
Long-term debt 20,800 25,036
Net fixed assets 51,240 58,030
Accounts payable 5,970 6,431
Inventory 14,555 15,448
Dividends 1,750 1,778

For 2014, 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

blur-text-image

Get Instant Access with AI-Powered 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

Elementary Statistics

Authors: Mario F. Triola

3rd Canadian Edition

032122597X, 978-0321225979

Students also viewed these Finance questions