Below is the balance sheet for Northern Comfort Company for December 31 of 2021 and 2022....

 

 

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Below is the balance sheet for Northern Comfort Company for December 31 of 2021 and 2022. Cash Accounts receivable Inventory Current assets Net fixed assets Total assets 2021 2022 800 1,000 2,400 3,000 2,400 3,000 5,600 7,000 10,400 13,000 16,000 20,000 Accounts payable Current liabilities Long-term debt Sales Cost Depreciation EBIT Interest EBT Taxes Net income The income statement for 2022 is also given: Total liabilities Equity Total liab. & equity 16,000 20,000 2021 2022 2,400 3,000 2,400 3,000 4,800 6,000 7,200 9,000 8,800 11,000 Amount 48,000 26,400 7,200 14,400 4,800 9,600 2,400 7,200 a. What was the operating cash flow for 2022? b. What was the change in net working capital? c. What was net capital spending in 2022? d. What was the cash flow from assets for 2022? Below is the balance sheet for Northern Comfort Company for December 31 of 2021 and 2022. Cash Accounts receivable Inventory Current assets Net fixed assets Total assets 2021 2022 800 1,000 2,400 3,000 2,400 3,000 5,600 7,000 10,400 13,000 16,000 20,000 Accounts payable Current liabilities Long-term debt Sales Cost Depreciation EBIT Interest EBT Taxes Net income The income statement for 2022 is also given: Total liabilities Equity Total liab. & equity 16,000 20,000 2021 2022 2,400 3,000 2,400 3,000 4,800 6,000 7,200 9,000 8,800 11,000 Amount 48,000 26,400 7,200 14,400 4,800 9,600 2,400 7,200 a. What was the operating cash flow for 2022? b. What was the change in net working capital? c. What was net capital spending in 2022? d. What was the cash flow from assets for 2022?

Answer rating: 100% (QA)

To calculate the various cash flows well use the following formulas a Operating Cash Flow OCF EBIT D... View the full answer