Cash flow from assets. Use the data from the following financialstatements in the popup? window, LOADING.... The company paidinterest expense of $ 17 comma 300 for 2017 and had an overall taxrate of 40 % for 2017. Find the cash flow from assets for 2017?,and break it into its three? parts: operating cash? flow, capital?spending, and change in net working capital.
Partial Income Statement Year Ending 2017 |
Sales revenue | $350,100 |
Cost of goods sold | $142,000 |
Fixed costs | $43,000 |
Selling, general, and administrative expenses | $28,200 |
Depreciation | $46,200 |
Partial Balance Sheet 12/31/2016 |
ASSETS | | LIABILITIES | |
Cash | $15,800 | Notes payable | $13,800 |
Accounts receivable | $28,200 | Accounts payable | $19,000 |
Inventories | $48,100 | Long-term debt | $190,100 |
Fixed assets | $368,100 | OWNERS' EQUITY | |
Accumulated depreciation | $141,300 | Retained earnings | |
Intangible assets | $82,100 | Common stock | $131,900 |
Partial Balance Sheet 12/31/2017 |
ASSETS | | LIABILITIES | |
Cash | $25,900 | Notes payable | $11,900 |
Accounts receivable | $19,100 | Accounts payable | $24,200 |
Inventories | $52,800 | Long-term debt | $162,000 |
Fixed assets | $448,200 | OWNERS' EQUITY | |
Accumulated depreciation | | Retained earnings | |
Intangible assets | $82,100 | Common stock | $181,800 |
