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  3. the income statement for the lowell store, inc. fo

The income statement for the Lowell Store, Inc. for the last year had: Sales =...

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Accounting

  1. The income statement for the Lowell Store, Inc. for the last year had: Sales = $200,000; Cost of Goods Sold = $84,000; Selling, General and Administrative Expense = $18,000; Depreciation = $14,600; and interest expense = 6,477. The company raised $5,000 in new equity and reduced its long-term debt by $16,000. Its tax rate is 35 percent and the retention ratio is 0.6, what was the cash flow from assets?

    $44,477

    $38,477

    $45,477

    $37,477

    $47,477

    $50,477

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