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You are analyzing the Income Statement and Balancet Sheet of Surtsey Corp. (provided below). What is the firm's Cash Flow From Assets for 2019? 2019
You are analyzing the Income Statement and Balancet Sheet of Surtsey Corp. (provided below). What is the firm's Cash Flow From Assets for 2019?
2019 | 2018 | |
Sales | $442,000 | $462,000 |
COGS | 245,000 | 271,000 |
Depreciation | 74,000 | 72,500 |
Selling, General & Administrative Expenses | 37,000 | 28,900 |
EBIT | 86,000 | 89,600 |
Interest Expense | 36,200 | 40,500 |
EBT | 49,800 | 49,100 |
Taxes | 15,936 | 16,203 |
Net Income | $33,864 | $32,897 |
2019 | 2018 | 2019 | 2018 | |||
Cash | $20,800 | $12,250 | Accounts Payable | $45,060 | $43,150 | |
Accounts Receivable | 22,620 | 19,565 | Notes Payable | 14,402 | 19,785 | |
Inventory | 100,052 | 83,150 | Total Current Liabilities | 59,462 | 62,935 | |
Total Current Assets | 142,752 | 114,965 | Long Term Debt | 75,040 | 85,410 | |
Property, Plant and Equipment | 207,500 | 215,400 | Total Liabilities | 134,502 | 148,345 | |
Goodwill | 9,620 | 9,620 | Common Stock | 79,500 | 66,240 | |
Retained Earnings | 145,870 | 125,400 | ||||
Total Equity | 225,370 | 191,640 | ||||
Total Assets | $359,872 | $339,985 | Total Liabilities & Owners' Equity | $359,872 | $339,985 |
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