Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Use the following information for Ingersoll, Inc. Assume the tax rate is 22 percent. 2018 2019 Sales $ 25,549 $ 19,308 Depreciation 2,556 2,664 Cost
Use the following information for Ingersoll, Inc. Assume the tax rate is 22 percent. |
2018 | 2019 | |||||
Sales | $ | 25,549 | $ | 19,308 | ||
Depreciation | 2,556 | 2,664 | ||||
Cost of goods sold | 6,590 | 6,911 | ||||
SG&A | 1,469 | 1,268 | ||||
Interest | 1,200 | 1,415 | ||||
Cash | 8,766 | 9,787 | ||||
Accounts receivable | 11,668 | 14,022 | ||||
Short-term notes payable | 1,854 | 1,821 | ||||
Long-term debt | 29,600 | 35,679 | ||||
Net fixed assets | 73,183 | 78,150 | ||||
Accounts payable | 6,377 | 7,180 | ||||
Inventory | 20,730 | 22,042 | ||||
Dividends | 2,879 | 2,494 | ||||
For 2019, calculate the cash flow from assets, cash flow to creditors, and 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