Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the cash flow from assets ( CF ( A ) ) of Fortran Company for 2 0 2 0 ? Fortran Company 2

What is the cash flow from assets (CF(A)) of Fortran Company for 2020?
Fortran Company
2020 Income Statement
Net sales
52,000
Cost of goods sold
31,200
Selling, general, and administrative expenses
2,600
Depreciation
4,160
Earnings before interest and taxes
14,040
Interest
1,560
Pretax income
12,480
Taxes
3,120
Net income
9,360
Fortran Company
2019 and 2020 Balance Sheets
2019
2020
2019
2020
Cash
971
1,274
Accounts payable
6,419
6,581
Accounts receivable
3,116
3,422
Accrued expenses
2,463
2,726
Inventory
5,310
6,450
Current liabilities
8,882
9,307
Current assets
9,397
11,146
Long-term debt
18,536
20,461
Net fixed assets
33,365
34,700
Owners' equity
15,344
16,078
Total assets
42,762
45,846
Total liabilities and equity
42,762
45,846
A. $8,517
B. $8,261
C. $7,942
D. $7,688
E. $8,874

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

The Routledge Handbook Of FinTech

Authors: K. Thomas Liaw

1st Edition

0367263599, 978-0367263591

More Books

Students also viewed these Finance questions

Question

Explain the impact of inflation on rates of return.

Answered: 1 week ago