Based on the financial statements for Tomkovick Golf Company in Problem 3.32, compute the cash flow invested

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Based on the financial statements for Tomkovick Golf Company in Problem 3.32, compute the cash flow invested in net working capital and the cash flow invested in long-term assets that you would use in a calculation of the cash flow to investors for 2017.

Data from 3.32

Analysts following the Tomkovick Golf Company were given the following balance sheet information for the years ended June 30, 2017, and June 30, 2016:

Assets 2017 2016 $ 33,411 16,566 318,768 352,740 Cash and marketable securities %24 Accounts receivable 260,205 Inventor

In addition, it was reported that the company had a net income of $3,155,848 and that depreciation expenses were equal to $212,366 during 2017. Assume amortization expense was $0 in 2017.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Fundamentals of Corporate Finance

ISBN: 978-1119371403

4th edition

Authors: Robert Parrino, David S. Kidwell, Thomas Bates

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