Question

Interpret the following information regarding Westlake Corporation’s cash flows.
Sales.................. $ 550,000
Accumulated depreciation........ 190,000
Cash ? Cost of goods sold........ 320,000
Accounts receivable........... 73,000
Depreciation expenses.......... 38,000
Accounts payable............ 65,000
Interest expense............. 26,000
Short- term notes payable......... 29,000
Income taxes.............. 59,850
Inventories............... 47,000
Marketing, general, and administrative expenses.. 45,000
Gross fixed assets............ 648,000
Long- term debt............ 360,000
Common stock............ 120,000
Other assets............... 15,000
Retained earnings............ 138,500
In addition, the firm has 10,000 shares outstanding and paid $15,000 in common stock dividends during the year.


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  • CreatedSeptember 11, 2015
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