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The cash flow to creditors is $ (Round to the nearest dollar.)

The cash flow to creditors is $ (Round to the nearest dollar.)

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $141,900 Fixed costs $43,000 Selling, general, and administrative expenses Depreciation (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 LIABILITIES $16,200 Notes payable $28,000 Accounts payable $48,000 Long-term debt ASSETS Cash Accounts receivable Inventories Fixed assets Accumulated depreciation Intangible assets $27,900 $45,800 ASSETS Cash Accounts receivable Inventories Fixed assets Accumulated depreciation Intangible assets $367,800 OWNERS' EQUITY $143,500 Retained earnings $82,100 Common stock (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 LIABILITIES $25,900 Notes payable $19,100 Accounts payable $53,000 Long-term debt $448,200 OWNERS' EQUITY Retained earnings $82,100 Common stock $13,900 $19,000 $190,000 $132,000 $12,100 $23,900 $162,100 $181,900
Transcribed Image Text:Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $141,900 Fixed costs $43,000 Selling, general, and administrative expenses Depreciation (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 LIABILITIES $16,200 Notes payable $28,000 Accounts payable $48,000 Long-term debt ASSETS Cash Accounts receivable Inventories Fixed assets Accumulated depreciation Intangible assets $27,900 $45,800 ASSETS Cash Accounts receivable Inventories Fixed assets Accumulated depreciation Intangible assets $367,800 OWNERS' EQUITY $143,500 Retained earnings $82,100 Common stock (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 LIABILITIES $25,900 Notes payable $19,100 Accounts payable $53,000 Long-term debt $448,200 OWNERS' EQUITY Retained earnings $82,100 Common stock $13,900 $19,000 $190,000 $132,000 $12,100 $23,900 $162,100 $181,900
Cash flow identity. Use the data from the following financial statements in the popup window, . The company paid interest expense of $17,100 for 2017 and had an overall tax rate of 40% for 2017. Verify the cash flow identity: cash flow from assets = cash flow to creditors + cash flow to owners The cash flow from assets is $ 24,380. (Round to the nearest dollar.) The cash flow to creditors is $ (Round to the nearest dollar.)
Transcribed Image Text:Cash flow identity. Use the data from the following financial statements in the popup window, . The company paid interest expense of $17,100 for 2017 and had an overall tax rate of 40% for 2017. Verify the cash flow identity: cash flow from assets = cash flow to creditors + cash flow to owners The cash flow from assets is $ 24,380. (Round to the nearest dollar.) The cash flow to creditors is $ (Round to the nearest dollar.)
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