Problem 2-22 Calculating Cash Flow Use the following information for Ingersoll, Incorporated. Assume the tax rate is 23 percent. Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 2020 Cash flow from assets Cash flow to creditors Cash flow to stockholders $ 2021 $ 19,098 22,049 2,486 2,594 6,240 6,841 1,420 1,233 1,165 1,380 8,731 9,577 11,598 13,812 1,784 1,751 29,390 35,504 73,022 77,940 6,335 6,970 20,611 21,972 2,529 2,424 For 2021, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) $ X Answer is not complete. -1,290.00 X

Problem 2-22 Calculating Cash Flow Use the following information for Ingersoll, Incorporated. Assume the tax rate is 23 percent. Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 2020 Cash flow from assets Cash flow to creditors Cash flow to stockholders $ 2021 $ 19,098 22,049 2,486 2,594 6,240 6,841 1,420 1,233 1,165 1,380 8,731 9,577 11,598 13,812 1,784 1,751 29,390 35,504 73,022 77,940 6,335 6,970 20,611 21,972 2,529 2,424 For 2021, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) $ X Answer is not complete. -1,290.00 X

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 14P: (Appendix 21.1) Operating Cash Flows Refer to the information for Lamberson Company in P21-6....

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