Use the data from the following financial statements in the popup window,LOADING....The company paid interest expense of$17,800for2017and had an overall tax rate of40%for2017.Find the cash flow from assets for2017,and break it into its three parts: operating cash flow, capital spending, and change in net working capital.Partial Income Statement Year Ending 2017Sales revenue$349,900Cost of goods sold$141,900Fixed costs$43,000Selling, general, and administrative expenses$28,200Depreciation$45,900 (Click on the following icon in order to copy its contents into a spreadsheet.)Partial Balance Sheet 12/31/2016ASSETS LIABILITIES Cash$15,900Notes payable$13,800Accounts receivable$28,200Accounts payable$19,000Inventories$47,900Long-term debt$189,800Fixed assets$368,000OWNERS' EQUITY Accumulated depreciation$141,900Retained earnings Intangible assets$82,200Common stock$131,800 (Click on the following icon in order to copy its contents into a spreadsheet.)Partial Balance Sheet 12/31/2017ASSETS LIABILITIES Cash$26,100Notes payable$12,100Accounts receivable$18,900Accounts payable$24,200Inventories$52,900Long-term debt$162,000Fixed assets$448,000OWNERS' EQUITY Accumulated depreciation Retained earnings Intangible assets$82,200Common stock$182,000PrintDone

The net balance of cash moving into and out of a business at a specific time occurs due to…

Answered: Use the data from the following…

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter2: Financial Statements, Cash Flow, And Taxes

Section: Chapter Questions

Problem 12P

Related questions

Question

Use the data from the following financial statements in the popup window,

The company paid interest expense of

$17,800

for

2017

and had an overall tax rate 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	$349,900
Cost of goods sold	$141,900
Fixed costs	$43,000
Selling, general, and administrative expenses	$28,200
Depreciation	$45,900

(Click on the following icon

in order to copy its contents into a spreadsheet.)

(Click on the following icon

in order to copy its contents into a spreadsheet.)