Question
What is the cash flow of the firm, or CF(A), for 2018? Comet Corporation 2018 Income Statement Net sales 68,000.00 Cost of goods sold 42,160.00
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What is the cash flow of the firm, or CF(A), for 2018?
Comet Corporation
2018 Income Statement
Net sales
68,000.00
Cost of goods sold
42,160.00
Selling, general, and administrative expenses
3,400.00
Depreciation
4,760.00
Earnings before interest and taxes
17,680.00
Interest
1,876.80
Pretax income
15,803.20
Taxes
3950.80
Net income
11,852.40
Comet Corporation
2017 and 2018 Balance Sheets
2017
2018
2017
2018
Cash
6,800
7,480
Accounts payable
11,424
12,566
Accounts receivable
5,440
5,984
Accrued expenses
4,896
5,386
Inventory
8,160
8,976
Current liabilities
16,320
17,952
Current assets
20,400
22,440
Long-term debt
32,640
37,536
Net fixed assets
61,200
71,400
Owners' equity
32,640
38,352
Total assets
81,600
93,840
Total liabilities and equity
81,600
93,840
$3,216.70
$3,121.20
$3,048.80
$2,986.40
$2,813.50
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