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 $1,385 and Net Capital Spending is 745. What is the Cash Flow from ssets?
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 32BEB
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Question
Sir pls solve stepwise thanks. Alot.
![Use the following information to answer this question.
Windswept, Inc. Current Income Statement ($ 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 $1,385 and Net Capital Spending is 745. What is the Cash Flow from
Assets?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3dfe7e56-2a3d-4cb9-8545-ddca6f60e989%2F9497681b-04b0-4125-89bb-f6468bb04596%2F6td946l_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Use the following information to answer this question.
Windswept, Inc. Current Income Statement ($ 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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