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Cash Accounts rec. Inventory Total C.A. Net fixed assets Total assets Last Year Year Year $1,380 $1,315 1,130 1,400 $3,280 $3,010 460 710 Year $240 $255 Accounts payable 1,020 730 Long-term debt 1,620 1,640 Common stock $2,880 $2,625 Retained earnings 3,370 3,810 $6,250 $ 6,435 Total liab. & equity $ 6,250 $ 6,435 ote that OCF is $1,385 and Net Capital Spending is 745. What is the Cash Flow from ssets?

Cash Accounts rec. Inventory Total C.A. Net fixed assets Total assets Last Year Year Year $1,380 $1,315 1,130 1,400 $3,280 $3,010 460 710 Year $240 $255 Accounts payable 1,020 730 Long-term debt 1,620 1,640 Common stock $2,880 $2,625 Retained earnings 3,370 3,810 $6,250 $ 6,435 Total liab. & equity $ 6,250 $ 6,435 ote that OCF is $1,385 and Net Capital Spending is 745. What is the Cash Flow from ssets?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Use the following information to answer this question. Windswept, Inc. Current Income Statement ($ in millions) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income Less: Taxes Net income Dividends Windswept, Inc. Balance Sheets ($ in millions) This Year Cash Accounts rec. Inventory Total C.A. Net fixed assets Total assets $9,200 7,390 305 $1,505 87 $1,418 425 $993 $743 Last Year $240 $255 Accounts payable 1,020 730 Long-term debt 1,620 1,640 Common stock Last This Year Year $1,380 $1,315 1,130 1,400 $3,280 $3,010 460 710 $ 2,880 $2,625 Retained earnings 3,370 3,810 $ 6,250 $6,435 Total liab. & equity $ 6,250 $ 6,435 Note that OCF is $1,385 and Net Capital Spending is 745. What is the Cash Flow from Assets?
Transcribed Image Text:Use the following information to answer this question. Windswept, Inc. Current Income Statement ($ in millions) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income Less: Taxes Net income Dividends Windswept, Inc. Balance Sheets ($ in millions) This Year Cash Accounts rec. Inventory Total C.A. Net fixed assets Total assets $9,200 7,390 305 $1,505 87 $1,418 425 $993 $743 Last Year $240 $255 Accounts payable 1,020 730 Long-term debt 1,620 1,640 Common stock Last This Year Year $1,380 $1,315 1,130 1,400 $3,280 $3,010 460 710 $ 2,880 $2,625 Retained earnings 3,370 3,810 $ 6,250 $6,435 Total liab. & equity $ 6,250 $ 6,435 Note that OCF is $1,385 and Net Capital Spending is 745. What is the Cash Flow from Assets?
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