Use the data from the following financial statements in thepopupâ window, LOADING... . The company paid interest expense of$18,500 for 2014 and had an overall tax rate of 40% for 2014. Findthe cash flow from assets forâ 2014, and break it into its threeâparts: operating cashâ flow, capitalâ spending, and change in networking capital.
ata Table
Partial Income Statement Year Ending 2014
Sales revenue
$350,200
Cost of goods sold
$141,800
Fixed costs
$43,100
Selling, general, and administrative expenses
$28,000
Depreciation
$45,800
Partial Balance Sheet 12/31/2013
ASSETS
LIABILITIES
Cash
$15,800
Notes payable
$13,900
Accounts receivable
$27,900
Accounts payable
$19,100
Inventories
$47,900
Long-term debt
$190,000
Fixed assets
$368,000
OWNERS' EQUITY
Accumulated depreciation
$143,600
Retained earnings
Intangible assets
$82,000
Common stock
$132,000
Partial Balance Sheet 12/31/2014
ASSETS
LIABILITIES
Cash
$26,100
Notes payable
$12,100
Accounts receivable
$19,200
Accounts payable
$24,200
Inventories
$52,800
Long-term debt
$162,100
Fixed assets
$448,100
OWNERS' EQUITY
Accumulated depreciation
Retained earnings
Intangible assets
$82,000
Common stock
$182,000
Use the data from the following financial statements in thepopupâ window, LOADING... . The company paid interest expense of$18,500 for 2014 and had an overall tax rate of 40% for 2014. Findthe cash flow from assets forâ 2014, and break it into its threeâparts: operating cashâ flow, capitalâ spending, and change in networking capital.
ata Table
Partial Income Statement Year Ending 2014 | |
Sales revenue | $350,200 |
Cost of goods sold | $141,800 |
Fixed costs | $43,100 |
Selling, general, and administrative expenses | $28,000 |
Depreciation | $45,800 |
Partial Balance Sheet 12/31/2013 | |||
ASSETS | LIABILITIES | ||
Cash | $15,800 | Notes payable | $13,900 |
Accounts receivable | $27,900 | Accounts payable | $19,100 |
Inventories | $47,900 | Long-term debt | $190,000 |
Fixed assets | $368,000 | OWNERS' EQUITY | |
Accumulated depreciation | $143,600 | Retained earnings | |
Intangible assets | $82,000 | Common stock | $132,000 |
Partial Balance Sheet 12/31/2014 | |||
ASSETS | LIABILITIES | ||
Cash | $26,100 | Notes payable | $12,100 |
Accounts receivable | $19,200 | Accounts payable | $24,200 |
Inventories | $52,800 | Long-term debt | $162,100 |
Fixed assets | $448,100 | OWNERS' EQUITY | |
Accumulated depreciation | Retained earnings | ||
Intangible assets | $82,000 | Common stock | $182,000 |