Use the following information to answer this question. Windswept, Inc. Current Income Statement ($ in millions)...
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Use the following information to answer this question. Windswept, Inc. Current Income Statement ($ in millions) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income Less: Taxes Net income Dividends Cash Accounts rec. Inventory Total C.A. Net fixed assets Total assets $420 Windswept, Inc. Balance Sheets ($ in millions) Last Year This Year 1,210 1,980 $11,000 8,200 395 $2,405 110 $3,610 3,730 $7,340 $2,295 689 $1,606 $1,356 Accounts $445 payable 1,110 Long-term debt 1,820 Common stock Retained $3,375 4,350 $7,725 learnings Total liab, & equity Note that OCF is $2,111 and Net Capital Spending is 1,015. What is the Cash Flow from Assets? Last Year $2,060 1,120 $3,460 700 $7,340 This Year $2,005 1,580 $3,190 950 $7,725 Use the following information to answer this question. Windswept, Inc. Current Income Statement ($ in millions) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income Less: Taxes Net income Dividends Cash Accounts rec. Inventory Total C.A. Net fixed assets Total assets $420 Windswept, Inc. Balance Sheets ($ in millions) Last Year This Year 1,210 1,980 $11,000 8,200 395 $2,405 110 $3,610 3,730 $7,340 $2,295 689 $1,606 $1,356 Accounts $445 payable 1,110 Long-term debt 1,820 Common stock Retained $3,375 4,350 $7,725 learnings Total liab, & equity Note that OCF is $2,111 and Net Capital Spending is 1,015. What is the Cash Flow from Assets? Last Year $2,060 1,120 $3,460 700 $7,340 This Year $2,005 1,580 $3,190 950 $7,725
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The Cash Flow from Assets CFFA Given the provided info... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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