Use the data from the following financial statements in the popup window, The Company paid interest expense of $17,900 for 2014 and had an overall tax rate of 40% for 2014.
Find the cash flow from assets for 2014, and break it into its three parts: operating cash flow, capital spending, and change in net working capital.
OCF: Capital Spending: Change in net working capital:
Partial Income Statement Year Ending 2014
Sales revenue..................................................................................... $349,900
Cost of goods sold..............................................................................$142,000
Fixed costs.........................................................................................$42,900
Selling, general, and administrative expenses................................................$27,900
Depreciation........................................................................................$45,800

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Partial Balance Sheet 12/31/2013 ASSETS Cash Accounts receivable Inventories Fixed assets Accumulated depreciation Intangible assets Partial Balance Sheet 12/31/2014 ASSETS Cash Accounts receivable Inventories Fixed assets Accumulated depreciation Intangible assets LIABILITIES S15,800 $28,200 S47,900 Long-term debt S368,200 OWNERS' EQUITY S141,500 Retained eanings $82,100 S14,100 S18,800 S190,000 Notes payable ccounts payable Common stock $131,900 LIABILITIES S26,000 S18,900 $53,000 S448,200 OWNERS'EQUITY Notes payable S11,800 S23,900 S161,900 ccounts payable Long-term debt Retained earnings $82,100 Common stock S182,000