Use the following information for Ingersoll, Inc., (assume the tax rate is 40 percent): 2014 2015 Sales $ 8,035 $ 8,609 Depreciation 1,145 1,146 Cost of goods...

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Finance

Use the following information for Ingersoll, Inc., (assume thetax rate is 40 percent):

2014 2015
  Sales $ 8,035 $ 8,609
  Depreciation 1,145 1,146
  Cost of goods sold 2,716 3,080
  Other expenses 659 554
  Interest 545 623
  Cash 4,129 5,223
  Accounts receivable 5,459 6,147
  Short-term notes payable 814 766
  Long-term debt 13,680 16,250
  Net fixed assets 34,655 35,517
  Accounts payable 4,356 4,205
  Inventory 9,690 9,958
  Dividends 976 1,071

For 2015, calculate the cash flow from assets, cash flow tocreditors, and cash flow to stockholders. (Do not roundintermediate calculations. A negative answer should be indicated bya minus sign. Round your answers to 2 decimal places, e.g.,32.16.)


  Cash flow from assets $
  Cash flow to creditors $
  Cash flow to stockholders $

Answer & Explanation Solved by verified expert

3.8 Ratings (743 Votes)

Answer of Part a EBIT Sales Cost of Goods Sold Depreciation other expenses EBIT 8609 3080 1146 554 EBIT 3829 EBT EBIT Interest EBT 3829 623 EBT 3206 Tax EBT 40 Tax 3206 40 Tax 128240 Operating Cash flow EBIT Depreciation Taxes Operating Cash Flow 3829 1146 12824 Operating Cash See Answer

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Transcribed Image Text

Use the following information for Ingersoll, Inc., (assume thetax rate is 40 percent): 20142015 Sales$8,035$8,609 Depreciation1,1451,146 Cost of goods sold2,7163,080 Other expenses659554 Interest545623 Cash4,1295,223 Accounts receivable5,4596,147 Short-term notes payable814766 Long-term debt13,68016,250 Net fixed assets34,65535,517 Accounts payable4,3564,205 Inventory9,6909,958 Dividends9761,071 For 2015, calculate the cash flow from assets, cash flow tocreditors, and cash flow to stockholders. (Do not roundintermediate calculations. A negative answer should be indicated bya minus sign. Round your answers to 2 decimal places, e.g.,32.16.) Cash flow from assets$ Cash flow to creditors$ Cash flow to stockholders$

	2014		2015
Sales	$	8,035	$	8,609
Depreciation		1,145		1,146
Cost of goods sold		2,716		3,080
Other expenses		659		554
Interest		545		623
Cash		4,129		5,223
Accounts receivable		5,459		6,147
Short-term notes payable		814		766
Long-term debt		13,680		16,250
Net fixed assets		34,655		35,517
Accounts payable		4,356		4,205
Inventory		9,690		9,958
Dividends		976		1,071


Cash flow from assets	$
Cash flow to creditors	$
Cash flow to stockholders	$