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For 2019, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders.

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For 2019, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders.

Use the following information for Ingersoll, Inc., for Problems 21 and 22. Assume the tax rate is 21 percent.

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2019 2018 $8,462 $9,082 Sales Depreciation Cost of goods sold Other expenses 1,215 1,216 2,912 3,305 690 577 567 652 Interest Cash 4,438 5,620 Accounts receivable 4,874 6,617 Short-term notes payable 806 858 Long-term debt 14,537 17,334 Net fixed assets 37,211 39,049 Accounts payable 4,661 4,520 Inventory 10,444 10,733 Dividends 1,032 1,135

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OCF EBIT Depreciation Taxes OCF 3984 1216 69972 OCF 450028 Change in NWC NWC end NWC beg CA CL end C...View the full answer


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Depreciation of non-current assets is the process of allocating the cost of the asset over its useful life. The cost of the asset includes the purchase price, any additional costs incurred to bring the asset to its current condition and location, and any other costs that are directly attributable to the asset. The useful life of the asset is the period over which the asset is expected to be used by the company. To calculate the depreciation, companies use different methods such as straight-line, declining-balance, sum-of-the-years\'-digits, units-of-production, and group depreciation. The chosen method will depend on the type of asset, the company\'s accounting policies, and the accounting standards that are applicable. The straight-line method allocates an equal amount of the asset\'s cost over its useful life, while the declining-balance method calculates depreciation at a fixed rate, typically double the straight-line rate, but the amount of depreciation decreases over time. The sum-of-the-years\'-digits method is similar to the declining-balance method, but the rate of depreciation is calculated using a fraction that is based on the useful life of the asset. It\'s important to note that the depreciation expense will be recorded on the company\'s income statement and the accumulated depreciation will be recorded on the company\'s balance sheet. This will decrease the value of the asset on the balance sheet over time.

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