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 35 percent): 2014 2015 Sales $ 9,635 $ 10,209 Depreciation 1,305 1,306 Cost

Use the following information for Ingersoll, Inc., (assume the tax rate is 35 percent):

2014 2015
Sales $ 9,635 $ 10,209
Depreciation 1,305 1,306
Cost of goods sold 2,876 3,240
Other expenses 819 714
Interest 705 783
Cash 4,289 5,383
Accounts receivable 5,619 6,307
Short-term notes payable 974 926
Long-term debt 15,440 17,850
Net fixed assets 36,255 37,437
Accounts payable 4,676 4,365
Inventory 9,850 10,118
Dividends 1,136 1,231

For 2015, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders. (Do not round intermediate calculations. A negative answer should be indicated by a minus sign. Round your answers to 2 decimal places, e.g., 32.16.)

Calculate:

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_2

Step: 3

blur-text-image_3

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

Practical Finance For Property Investment

Authors: Craig Furfine

1st Edition

036733304X, 978-0367333041

More Books

Students also viewed these Finance questions

Question

4. How has e-commerce affected business-to-business transactions?

Answered: 1 week ago