Question
Use the following information for Quad Cities Manufacturing, Inc. , to address the following two questions (assume the tax rate is 34 percent): Sales $12,730
Use the following information for Quad Cities Manufacturing, Inc., to address the following two questions (assume the tax rate is 34 percent):
| ||
Sales | $12,730 | $14,229 |
Depreciation | 1,827 | 1,910 |
Cost of goods sold | 4,377 | 5,178 |
Other expenses | 1,041 | 906 |
Interest | 854 | 1,019 |
Cash | 6,674 | 7,113 |
Accounts receivable | 8,837 | 10,371 |
Short-term notes payable | 1,288 | 1,262 |
Long-term debt | 22,352 | 27,099 |
Net fixed assets | 55,977 | 59,700 |
Accounts payable | 4,822 | 5,108 |
Inventory | 15,711 | 16,817 |
Dividends | 1,522 | 1,780 |
Financial Statements: Draw up an income statement and balance sheet for this company for 2015 and 2016.
Calculating Cash Flow: For 2016, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders.
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