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What is the cash flow to the creditors for 2016? Laidlaw, Inc. 2016 Income Statement Net sales 30,180.00 Cost of goods sold 16,240.00 Selling, general,

What is the cash flow to the creditors for 2016?

Laidlaw, Inc.

2016 Income Statement

Net sales

30,180.00

Cost of goods sold

16,240.00

Selling, general, and administrative expenses

5,410.00

Depreciation

1,260.00

Earnings before interest and taxes

7,270.00

Interest

380.00

Pretax income

6,890.00

Taxes

1722.50

Net income

5,167.50

Laidlaw, Inc.

2015 and 2016 Balance Sheets

2015

2016

2015

2016

Cash

1,024

1,531

Accounts payable

6,225

6,709

Accounts receivable

3,106

3,420

Accrued expenses

2,200

1,625

Inventory

5,210

5,750

Current liabilities

8,425

8,334

Current assets

9,340

10,701

Long-term debt

17,986

21,089

Net fixed assets

32,415

35,200

Owners' equity

15,344

16,478

Total assets

41,755

45,901

Total liabilities and equity

41,755

45,901

$2,615

-$2,547

-$2,723

-$2,914

$2,833

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