Use the following information for Ingersoll, Incorporated. Assume the tax rate is 21 percent. 2020 2021 Sales Depreciation $ 23,049 $19,158 2,506 2,614 Cost of goods sold 6,340 6,861 Other expenses 1,434 1,243 Interest 1,175 1,390 Cashi 8,741 9,637 Accounts receivable 11,618 13,872 Short-term notes 1,804 1,771 payable Long-term debt 29,450 35,554 Net fixed assets 73,068 78,000 Accounts payable 6,347 7,030 Inventory 20,645 21,992 Dividends 2,629 2,444 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.) Answer is complete but not entirely correct. Cash flow from assets $ 76,702.00 Cash flow to creditors S 4,714.00 Cash flow to stockholders 5 29,275.00
Use the following information for Ingersoll, Incorporated. Assume the tax rate is 21 percent. 2020 2021 Sales Depreciation $ 23,049 $19,158 2,506 2,614 Cost of goods sold 6,340 6,861 Other expenses 1,434 1,243 Interest 1,175 1,390 Cashi 8,741 9,637 Accounts receivable 11,618 13,872 Short-term notes 1,804 1,771 payable Long-term debt 29,450 35,554 Net fixed assets 73,068 78,000 Accounts payable 6,347 7,030 Inventory 20,645 21,992 Dividends 2,629 2,444 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.) Answer is complete but not entirely correct. Cash flow from assets $ 76,702.00 Cash flow to creditors S 4,714.00 Cash flow to stockholders 5 29,275.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Bhupatbhai
Transcribed Image Text:Use the following information for Ingersoll, Incorporated. Assume the tax rate is 21
percent.
2020
2021
Sales
Depreciation
$ 23,049
$ 19,158
2,506
2,614
Cost of goods sold
6,340
6,861
Other expenses
1,434
1,243
Interest
1,175 1,390
Cash
8,741 9,637
Accounts receivable
11,618
13,872
Short-term notes
1,804
1,771
payable
Long-term debt.
29,450 35,554
Net fixed assets
73,068
78,000
Accounts payable
6,347
7,030
Inventory
20,645
21,992
Dividends
2,629
2,444
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.)
Answer is complete but not entirely correct.
Cash flow from assets
76,702,00x
Cash flow to creditors
5
-4,714.00
Cash flow to stockholders
$
29,275.00
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