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Use the following information for Ingersoll, Inc., for problem assuming the tax rate is 35 percent.For 2010, calculate the cash flow from assets, cash flow
Use the following information for Ingersoll, Inc., for problem assuming the tax rate is 35 percent.For 2010, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders.
2010
Sales
$28,030
Depreciation
3,755
Cost of goods sold
10,200
Other expenses
1,780
Interest
2,010
Cash
14,010
Accounts receivable
20,425
Short term notes payable
2,485
Long-term debt
53,510
Net fixed assets
117,590
Accounts payable
13,950
Inventory
33,125
Dividends
3,505
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