Question: Cash flow from assets. Use the data from the following financial statements in the popup window, The company paid interest expense of $17,900 for 2017
Cash flow from assets. Use the data from the following financial statements in the popup window, The company paid interest expense of $17,900 for 2017 and had an overall tax rate of 40% for 2017. Find the cash flow from assets for 2017, and break it into its three parts: operating cash flow, capital spending, and change in net working capital.

Intangible assets $82,2001 Common stock Click on the following icon o. in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $11,800 Accounts receivable $24,200 $25,900 Notes payable $19,100|Accounts payable $53,100 Long-term debt $448,100 OWNERS' EQUITY Inventories $162, 100 Fixed assets Accumulated depreciation Retained earnings Intangible assets $82,200 Common stock $181,900 Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $141,800 Fixed costs $43,200 $28,000 Selling, general, and administrative expenses Depreciation $46,000 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $16,100 Notes payable $27,900 Accounts payable Accounts receivable $14,100 $18,800 $190,200 Inventories $47,900 Long-term debt Fixed assets $368,100 OWNERS' EQUITY Accumulated depreciation $141,400 Retained earnings $82,200 Common stock Intangible assets $132,000
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