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Cash flow from assets. Use the data from the following financial statements in the popup window,. The company paid interest expense of $19,000 for 2017 and had an overall tax rate of 40% for 2017. Find the cash flow from assets for 2017, and break it into its three parts: operating cash flow, capital spending, and change in net working capital. The operating cash flow is $ (Round to the nearest dollar.) Data table Sales revenue Cost of goods sold $349,800 $142,000 Fixed costs $42,900 Selling, general, and administrative expenses Depreciation $28,100 $45,900 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $16,100 Notes payable $13,800 Accounts receivable $27,800 Accounts payable $19,100 Inventories $47,900 Long-term debt $189,800 Fixed assets $368,100 OWNERS' EQUITY Accumulated depreciation $142,100 Retained earnings Intangible assets $82,000 Common stock $131,800 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS Cash LIABILITIES $26,000 Notes payable $12,200 Accounts receivable $19,000 Accounts payable $24,000 Inventories $53,200 Long-term debt $162,100 Fixed assets $448,000 OWNERS' EQUITY Accumulated depreciation Retained earnings Intangible assets $82,000 Common stock $182,000 - X

Cash flow from assets. Use the data from the following financial statements in the popup window,. The company paid interest expense of $19,000 for 2017 and had an overall tax rate of 40% for 2017. Find the cash flow from assets for 2017, and break it into its three parts: operating cash flow, capital spending, and change in net working capital. The operating cash flow is $ (Round to the nearest dollar.) Data table Sales revenue Cost of goods sold $349,800 $142,000 Fixed costs $42,900 Selling, general, and administrative expenses Depreciation $28,100 $45,900 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $16,100 Notes payable $13,800 Accounts receivable $27,800 Accounts payable $19,100 Inventories $47,900 Long-term debt $189,800 Fixed assets $368,100 OWNERS' EQUITY Accumulated depreciation $142,100 Retained earnings Intangible assets $82,000 Common stock $131,800 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS Cash LIABILITIES $26,000 Notes payable $12,200 Accounts receivable $19,000 Accounts payable $24,000 Inventories $53,200 Long-term debt $162,100 Fixed assets $448,000 OWNERS' EQUITY Accumulated depreciation Retained earnings Intangible assets $82,000 Common stock $182,000 - X

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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Cash flow from assets. Use the data from the following financial statements in the popup window, The company paid interest expense of $19,000 for 2017 and had an overall tax rate of 40% for 2017. Find the cash flow from assets for 2017, and break it into its three parts: operating cash flow, capital spending, and change in net working capital. The operating cash flow is $ (Round to the nearest dollar.) Data table Sales revenue $349,800 Cost of goods sold $142,000 Fixed costs $42,900 Selling, general, and administrative expenses Depreciation $28,100 $45,900 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS Cash Accounts receivable Inventories LIABILITIES $16,100 Notes payable $13,800 $27,800 Accounts payable $19,100 $47,900 Long-term debt $189,800 Fixed assets $368,100 OWNERS' EQUITY Accumulated depreciation $142,100 Retained earnings Intangible assets $82,000 Common stock $131,800 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $26,000 Notes payable $12,200 Accounts receivable $19,000 Accounts payable $24,000 Inventories $53,200 Long-term debt $162,100 Fixed assets $448,000 OWNERS' EQUITY Accumulated depreciation Retained earnings Intangible assets $82,000 Common stock $182,000 - X
Transcribed Image Text:Cash flow from assets. Use the data from the following financial statements in the popup window, The company paid interest expense of $19,000 for 2017 and had an overall tax rate of 40% for 2017. Find the cash flow from assets for 2017, and break it into its three parts: operating cash flow, capital spending, and change in net working capital. The operating cash flow is $ (Round to the nearest dollar.) Data table Sales revenue $349,800 Cost of goods sold $142,000 Fixed costs $42,900 Selling, general, and administrative expenses Depreciation $28,100 $45,900 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS Cash Accounts receivable Inventories LIABILITIES $16,100 Notes payable $13,800 $27,800 Accounts payable $19,100 $47,900 Long-term debt $189,800 Fixed assets $368,100 OWNERS' EQUITY Accumulated depreciation $142,100 Retained earnings Intangible assets $82,000 Common stock $131,800 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $26,000 Notes payable $12,200 Accounts receivable $19,000 Accounts payable $24,000 Inventories $53,200 Long-term debt $162,100 Fixed assets $448,000 OWNERS' EQUITY Accumulated depreciation Retained earnings Intangible assets $82,000 Common stock $182,000 - X
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