Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Using the information below to calculate the cash flow from assets (CFFA) and each component of the CFFA, and the cash flow to creditors and
Using the information below to calculate the cash flow from assets (CFFA) and each component of the CFFA, and the cash flow to creditors and cash flow to stockholders in the year of 2019.
Balance Sheet | |||||||||
Income Statement | 2018 | 2019 | 2018 | 2019 | 2018 | 2019 | |||
Cash | $250 | $313 | Accounts Payable | $517 | $951 | ||||
Sales | $5,831 | $6,423 | Accounts Receivable | 1,092 | 1,162 | Notes Payable | 200 | 100 | |
COGS | 3,670 | 4,109 | Inventory | 1,495 | 1,521 | ||||
Depreciation | 125 | 122 | Current Assets | 2,837 | 2,996 | Current Liabilities | 717 | 1051 | |
EBIT | 2,036 | 2,192 | Long term Debt | 2,400 | 1,100 | ||||
Interest Expense | 291 | 280 | Net Fixed Assets | 4,006 | 4,123 | Total Liabilities | 3,117 | 2,151 | |
Tax Income | 1,745 | 1912 | Common Stock | 1,900 | 2,100 | ||||
Taxes | 590 | 670 | Retained Earnings | 1,826 | 2,868 | ||||
Net Income | 1,155 | 1,242 | Total Assets | $6,843 | $7,119 | Total Liab. & Eq. | $6,843 | $7,119 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started