What is the cash flow to the creditors for 2018? Avista Corporation 2018 Income Statement Net sales
Question:
What is the cash flow to the creditors for 2018?
Avista Corporation | |
2018 Income Statement | |
Net sales | 21,000 |
Cost of goods sold | 9,700 |
Selling, general, and administrative expenses | 2,200 |
Depreciation | 1,700 |
Earnings before interest and taxes | 7,400 |
Interest | 700 |
Pretax income | 6,700 |
Taxes | 515 |
Net income | 6,185 |
Avista Corporation 2017 and 2018 Balance Sheets | ||||||||
2017 | 2018 | 2017 | 2018 | |||||
Cash | 350 | 420 | Accounts payable | 6,225 | 6,184 | |||
Accounts receivable | 3,140 | 3,450 | Accrued expenses | 1,880 | 1,675 | |||
Inventory | 5,320 | 5,340 | Total | 8,105 | 7,859 | |||
Total | 8,810 | 9,210 | Long-term debt | 18,061 | 20,091 | |||
Net fixed assets | 32,600 | 34,700 | Owners' equity | 15,244 | 15,960 | |||
Total assets | 41,410 | 43,910 | Total liabilities and equity | 41,410 | 43,910 |
-$1,450 | ||
-$1,330 | ||
-$1,290 | ||
$1,510 | ||
$1,740 |
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones