Ledger Properties has the following financial information: Current Year Prior Year Revenues $ 48,915 $ 43,610 Administrative
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Question:
Ledger Properties has the following financial information:
Current Year | Prior Year | |||||||||
Revenues | $ | 48,915 | $ | 43,610 | ||||||
Administrative expenses | 12,106 | 11,602 | ||||||||
Interest expense | 816 | 468 | ||||||||
Cost of goods sold | 29,715 | 26,309 | ||||||||
Depreciation | 1,408 | 1,387 | ||||||||
Net fixed assets | 32,711 | 31,984 | ||||||||
Current liabilities | 14,652 | 14,625 | ||||||||
Common stock | 15,000 | 14,000 | ||||||||
Current assets | 16,506 | 14,687 | ||||||||
Long-term debt | 12,200 | ? | ||||||||
Retained earnings | 7,365 | 4,246 | ||||||||
Dividends paid | 290 | 275 | ||||||||
What is the cash flow of the firm for the current year if the tax rate is 22 percent?
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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