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What is the cash flow to creditors for 2016? showing calculations BALANCE SHEETS 2016 2,860 310 Use the following financial statements to answer questions (Dollars
What is the cash flow to creditors for 2016?
showing calculations
BALANCE SHEETS 2016 2,860 310 Use the following financial statements to answer questions (Dollars are stated in $millions) INCOME STATEMENT 2015 2016 2015 2016 Net Sales 8,360 9,610 Cash 405 Cost of goods sol 5,247 6,310 Accounts rec. 2,640 3,055 Depreciation 1,340 1,370 Inventory 3,275 3,850 EBIT 1,773 1,930 Current assets 6,225 7,310 Interest 620 630 Net fixed assets 10,960 10,670 Taxable income 1,153 1,300 Taxes 403 Total assets 17,185 17,980 Net Income 750 845 Shares outstanding Market price Accounts payable Notes payable Current liabilities Long-term debt Common stock Retained earnings Total liabilities and ec 2015 2,720 100 2,820 7,875 5,000 1,490 17,185 2,860 7,810 5,250 2,060 17,980 455 50,000 23.37 $ 6. What is the cash flow to creditors for 2016Step by Step Solution
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