Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the following information for Ingersoll, Incorporated. Assume the tax rate is 22 percent. 2020 2021 Sales $ 17,549 $ 18,828 Depreciation 2,396 2,504 Cost

Use the following information for Ingersoll, Incorporated. Assume the tax rate is 22 percent.

2020 2021
Sales $ 17,549 $ 18,828
Depreciation 2,396 2,504
Cost of goods sold 5,790 6,751
Other expenses 1,357 1,188
Interest 1,120 1,335
Cash 8,686 9,307
Accounts receivable 11,508 13,542
Short-term notes payable 1,694 1,661
Long-term debt 29,120 35,279
Net fixed assets 72,815 77,670
Accounts payable 6,281 6,700
Inventory 20,458 21,882
Dividends 2,079 2,334

For 2021, 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.)

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

Changing Contours Of Indian Agriculture Investment Income And Non Farm Employment

Authors: Seema Bathla Amaresh Dubey

1st Edition

9811060134,9811060142

More Books

Students also viewed these Finance questions

Question

What are the advantages and disadvantages for contract development?

Answered: 1 week ago