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  1. business
  2. accounting
  3. mcall inc. has interest expense of $300, total rev

McAll Inc. has interest expense of $300, total revenues of $35,000, costs of $25,000, depreciation...

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Accounting

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McAll Inc. has interest expense of $300, total revenues of $35,000, costs of $25,000, depreciation of $2,500, and taxes of $5,000. The beginning balance sheet has total assets of $50,000, net fixed assets of $30,000, current liabilities of $12,000, and total liabilities of $26,000. The ending balance sheet shows total assets of $48,000, net fixed assets of $32,000, current liabilities of $15,000, and total liabilities of $28,000. What is the annual cash flow of the firm? (Please, do not round your intermediate calculations. Instead, round your final answer, if necessary, up to two decimal places without the dollar symbol (\$). Example, \$1,200.5535 must be entered as 1,200.55; otherwise, you will receive an error message)

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