Cash flow from assets. Use the data from the following financial statements in the posup...

50.1K

Verified Solution

Question

Accounting

image
image
Cash flow from assets. Use the data from the following financial statements in the posup window, D. The company paid interest expense of $18,700 for 2014 and had an overall tax rate of 40% for 2014. Find the cash flow from assets for 2014, and break it into its three parts: operating cash flow, capital spending, and change in net working capital. The operating cash flow is $ (Round to the nearest dollar.) The capital spending is $. (Round to the nearest dollar) The change in net working capital is $ (Round to the nearest dollar) The cash flow from assets is $(Round to the nearest dollar) Partial Income Statement Year Ending 2014 Sales revenue $350,000 Cost of goods sold $142,000 Fixed costs $42,800 Selling, general, and administrative expenses $28,000 Depreciation $46,100 Partial Balance Sheet 12/31/2013 ASSETS LIABILITIES Cash $14,100 $19,000 $190,100 Accounts receivable Inventories Fixed assets Accumulated depreciation Intangible assets $16,000 Notes payable $28,100 Accounts payable $48,000 Long-term debt $368,200 OWNERS' EQUITY $141,800 Retained earnings $82,200|Common stock $131,900 ASSETS Cash Accounts receivable Partial Balance Sheet 12/31/2014 LIABILITIES $25,900 Notes payable $18,800 Accounts payable $52,900 Long-term debt $12,200 $23,900 $161,900 Inventories

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students