Cash flow to owners. Use the data from the following financial statements in the popup...

60.1K

Verified Solution

Question

Accounting

image
image
image
Cash flow to owners. Use the data from the following financial statements in the popup window, The company paid interest expense of $18,700 for 2017 and had an overall tax rate of 40% for 2017. Find the cash flow to owners for 2017 by parts and total, with the parts being dividends paid and increases in borrowing from owners (change in common stock and paid-in-surplus). The distributed earnings is $ (Round to the nearest dollar.) (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,200 Cost of goods sold $141,900 Fixed costs $42,900 Selling, general, and administrative expenses $27,900 $45,900 Depreciation (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $13,800 Accounts receivable $19,000 Inventories $16,100 Notes payable $28,100 Accounts payable $47,800 Long-term debt $367,900 OWNERS' EQUITY $141,300 Retained earnings $190,200 Fixed assets Accumulated depreciation Intangible assets $81,800 Common stock $131,800 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $16,100 Notes payable $13,800 Accounts receivable $28,100 Accounts payable $19,000 Inventories $47,800 Long-term debt $190,200 Fixed assets $367,900 OWNERS' EQUITY Accumulated depreciation $141,300 Retained earnings Intangible assets $81,800 Common stock $131,800 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash Accounts receivable $11,900 $24,200 $162,200 Inventories $25,800 Notes payable $19,000 Accounts payable $52,800 Long-term debt $447,800 OWNERS' EQUITY Retained earnings $82,100 Common stock Fixed assets Accumulated depreciation Intangible assets $182,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students