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 2 3 percent. 2 0 2 0 2 0 2 1 Sales 2

Use the following information for Ingersoll, Incorporated. Assume the tax rate is 23 percent.
20202021
Sales 26,04919,338
Depreciation 2,5662,674
Cost of goods sold 6,6406,921
Other expenses 1,4761,273
Interest 1,2051,420
Cash 8,7719,817
Accounts receivable 11,67814,052
Short term notes payable 1,8641,831
Long term debt 29,63035,704
Net fixed assets 73,20678,160
Accounts payable 6,3837,210
Inventory 20,74722,052
Dividends 2,9292,504
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 answer 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

Technical Analysis Of Stock Trends

Authors: Robert D. Edwards, John Magee

6th Edition

1599180219, 978-0139043437

More Books

Students also viewed these Finance questions

Question

Did you open with an issue explanation?

Answered: 1 week ago