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Using the information below, what is the cash flow from assets? Please show work Statement of Income Statement of Financial Position 2018 2017 2018 2017
Using the information below, what is the cash flow from assets?
Please show work
Statement of Income Statement of Financial Position
2018 2017 2018 2017 2018
Net sales 1,384 Cash 100 111 Acc payables 400 350
less: CGS 605 Acc Rec 350 425 Notes Payables 390 370
Less Depreciation 20 Invent 440 410
EBIT 759 LTD 500 550
Less: Interest paid 250 NFA 1,556 1,704 Equity
Taxable income 509 Common S 600 580
Less: Taxes 156 Retained Earn 556 800
Net income 353
Additions to RE 244
Dividends paid 109 Total Assets 2,446 2,650 2,446 2,650
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