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Use the given financial statements for ABC Company. ABC Companys 2014 Cash Flow from Assets is $________. Answer in dollars rounded to two decimal places.
Use the given financial statements for ABC Company.
ABC Companys 2014 Cash Flow from Assets is $________. Answer in dollars rounded to two decimal places.
Dec 31, 2013 ABC Company Balance Sheet Dec 31, 2014 Assets Current assets Cash $33,000 Accounts receivable 63,000 Inventory 96,000 Total current assets $192,000 Property and equipment (less dep) 490,000 Total long-term assets $490.000 Total assets $682,000 $45,000 57,000 110,000 $212.000 395,000 $395.000 $607.000 ABC Company Income Statement For the Year Ended December 31, 2014 Liabilities: Current liabilities: Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total long-term liabilities Total liabilities $670,000 (390.000) 280,000 38,000 7,000 8,000 $53,000 281,000 $281,000 $334,000 Sales revenue 29,000 9,000 Cost of goods sold 5,000 Gross profit $43,000 || Operating expenses 295.000 Salaries and wages $295,000 Depreciation $338,000 || Operating income Other revenues and expenses Interest expense 100,000 169,000 Pre-tax Income $269,000 Income tax expense (40% tax rate) $607.000 Net income (72,000) (40,000) 168,000 Stockholders' Equity Common Stock Retained earnings Total common equity Total liabilities and stockholders' equity 100,000 248,000 $348,000 $682,000 (18,000) 150,000 (60.000) 90,000 Use the given financial statements for ABC Company. Answer in dollars rounded to two ABC Company's 2014 Cash Flow from Assets is $ decimal places. 173,000 Use the financial statements from the previous problem. _%. Answer in percentage rounded to two ABC Company's sustainable growth rate is decimal places. 1.4Step by Step Solution
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