Find the cash flow to creditors for 2017 by parts and total, with the parts being interest
Question:
Use the data from the following financial statements:
Cash Flow To CreditorsCash flow to debt holder’s equation to compute the cash flow of a company. Cash flow is the measure of total amount of liquid cash that is moving in and out of the business. Cash flow to creditors formula is derived as I - E + B where I =...
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Partial Income Statement Year Ending 2017 Sales Revenue S350,000 COGS $140,000 Fixed Costs $43,000 SG&A Expenses $28,000 Depreciation $46,000 Partial Balance Sheet 12/31/2016 Assets: Liabilities: Notes Payable S14,000 Cash $16,000 Accounts Payable S19,000 Accounts Rec. $28,000 Long-Term Debt Inventories $48,000 $190,000 Owners' Equity: Fixed Assets $368,000 Acc. Depreciation $142,000 Retained Eamings $?????? Intangible Assets $82,000 $130,000 Common Stock Partial Balance Sheet 12/31/2017 Assets: Liabilities: Notes Payable Cash $12,000 $26,000 Accounts Payable $19,000 Accounts Rec. $24,000 Long-Term Debt Inventories $53,000 $162,000 Owners' Equity: $448,000 Fixed Assets Retained Eamings S?????? Acc. Depreciation $??????? Intangible Assets $82,000 Common Stock $180,000
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First the Interest Paid to Creditors comes from the income statement and is 18000 ...View the full answer
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