Check my workCheck My Work button is now enabled1ltem 7 Problem 2 - 22 Calculating Cash Flow Use the following information for Ingersoll, Incorporated. Assume the tax rate is 24 percent. 2020 2021 Sales $ 24, 549 $ 19,248 Depreciation 2,536 2,644 Cost of goods sold 6, 490 6,891 Other expenses 1,455 1,258 Interest 1, 190 1,405 Cash 8,756 9,727 Accounts receivable 11,648 13,962 Short-term notes payable 1,834 1,801 Long-term debt 29, 540 35,629 Net fixed assets 73, 137 78,090 Accounts payable 6, 365 7, 120 Inventory 20, 696 22, 022 Dividends 2,779 2,474 For 2021, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders.

Check my workCheck My Work button is now enabled1ltem 7 Problem 2 - 22 Calculating Cash Flow Use the following information for Ingersoll, Incorporated. Assume the tax rate is 24 percent. 2020 2021 Sales $ 24, 549 $ 19,248 Depreciation 2,536 2,644 Cost of goods sold 6, 490 6,891 Other expenses 1,455 1,258 Interest 1, 190 1,405 Cash 8,756 9,727 Accounts receivable 11,648 13,962 Short-term notes payable 1,834 1,801 Long-term debt 29, 540 35,629 Net fixed assets 73, 137 78,090 Accounts payable 6, 365 7, 120 Inventory 20, 696 22, 022 Dividends 2,779 2,474 For 2021, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders.

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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