Cash flow from assets. Use the data from the following financial statements in the popup? window,...

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Accounting

Cash flow from assets. Use the data from the following financialstatements in the popup? window, LOADING.... The company paidinterest expense of $ 17 comma 300 for 2017 and had an overall taxrate of 40 % for 2017. Find the cash flow from assets for 2017?,and break it into its three? parts: operating cash? flow, capital?spending, and change in net working capital.
Partial Income Statement Year Ending 2017
Sales revenue
$350,100
Cost of goods sold
$142,000
Fixed costs
$43,000
Selling, general, and administrative expenses
$28,200
Depreciation
$46,200
Partial Balance Sheet 12/31/2016
ASSETS
LIABILITIES
Cash
$15,800
Notes payable
$13,800
Accounts receivable
$28,200
Accounts payable
$19,000
Inventories
$48,100
Long-term debt
$190,100
Fixed assets
$368,100
OWNERS' EQUITY
Accumulated depreciation
$141,300
Retained earnings
Intangible assets
$82,100
Common stock
$131,900
Partial Balance Sheet 12/31/2017
ASSETS
LIABILITIES
Cash
$25,900
Notes payable
$11,900
Accounts receivable
$19,100
Accounts payable
$24,200
Inventories
$52,800
Long-term debt
$162,000
Fixed assets
$448,200
OWNERS' EQUITY
Accumulated depreciation
Retained earnings
Intangible assets
$82,100
Common stock
$181,800

Answer & Explanation Solved by verified expert

4.4 Ratings (963 Votes)

AnswerFirst let us calculate the net income from partial incomestatement and other information givenAs such net income 44040Cash flow from assets for 2017 See Answer

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Cash flow from assets. Use the data from the following financial statements in the popup? window,...

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Accounting

Answer & Explanation Solved by verified expert

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Partial Income Statement Year Ending 2017
Sales revenue	$350,100
Cost of goods sold	$142,000
Fixed costs	$43,000
Selling, general, and administrative expenses	$28,200
Depreciation	$46,200

Partial Balance Sheet 12/31/2016
ASSETS		LIABILITIES
Cash	$15,800	Notes payable	$13,800
Accounts receivable	$28,200	Accounts payable	$19,000
Inventories	$48,100	Long-term debt	$190,100
Fixed assets	$368,100	OWNERS' EQUITY
Accumulated depreciation	$141,300	Retained earnings
Intangible assets	$82,100	Common stock	$131,900

Partial Balance Sheet 12/31/2017
ASSETS		LIABILITIES
Cash	$25,900	Notes payable	$11,900
Accounts receivable	$19,100	Accounts payable	$24,200
Inventories	$52,800	Long-term debt	$162,000
Fixed assets	$448,200	OWNERS' EQUITY
Accumulated depreciation		Retained earnings
Intangible assets	$82,100	Common stock	$181,800