Use the following information for Ingersoll, Incorporated (assume the tax rate is 25 percent): Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Long-term debt Net fixed assets Accounts payable Inventory Dividends 2022 $13,573 1,701 4,179 966 815 6,127 8,080 20,440 50,976 5,658 14,351 1,150 2023 $16,841 1,776 4,747 844 946 6,586 9,547 24,736 54,393 5,951 15,328 1,658
Use the following information for Ingersoll, Incorporated (assume the tax rate is 25 percent): Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Long-term debt Net fixed assets Accounts payable Inventory Dividends 2022 $13,573 1,701 4,179 966 815 6,127 8,080 20,440 50,976 5,658 14,351 1,150 2023 $16,841 1,776 4,747 844 946 6,586 9,547 24,736 54,393 5,951 15,328 1,658
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Use the following information for Ingersoll, Incorporated (assume the tax rate is 25 percent):
Sales
Depreciation
Cost of goods sold
Other expenses
Interest
Cash
Accounts receivable
Long-term debt
Net fixed assets.
Accounts payable
Inventory
Dividends
2022
$ 13,573
1,701
4,179
Cash flow from assets
Cash flow to creditors
Cash flow to stockholders
966
815
6,127
8,080
20,440
50,976
5,658
14,351
1,150
2023
$ 16,841
1,776
4,747
844
946
6,586
9,547
24,736
54,393
5,951
15,328
1,658
For 2023, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders.
Note: 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.
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