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You are given the following information for ABC Limited: 2023 Sales $120,000 Cost of goods sold $70,000 Other operating expenses $14,000 Depreciation expense $6,000 Interest

You are given the following information for ABC Limited: 2023 Sales $120,000 Cost of goods sold $70,000 Other operating expenses $14,000 Depreciation expense $6,000 Interest $3,500 Dividends $4,500. 2022. 2023 Cash. $50,000 $60,000 Accounts receivable $30,000 $35,000 Inventory. $20,000 $25,000 Net fixed assets. $150,000 $160,000 Current liabilities. $40,000 $60,000 Long-term debt. $70,000 $80,000 Tax rate. 30% 30% Current assets consist of cash, accounts receivable, and inventory.

a. Calculate the earnings before interest and taxes (EBIT) for 2023. Show your calculation. b. Calculate the amount of income taxes for 2023. Show your calculation. c. What was the cash flow from assets for 2023? Show your calculation. d. What was the cash flow to creditors for 2023? Show your calculation. e. What was the cash flow to shareholders for 2023? Show your calculation.

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