Cash flow from assets. Use the data from the following financial statements in the popup window,

The company paid interest expense of

$18,800

for

2017Cash flow from assets. Use the data from the following financial statements in the popup window,

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.

The company paid interest expense of

$18,800

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.

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.

Partial Income Statement Year Ending 2017
Sales revenue	$350,100
Cost of goods sold	$141,900
Fixed costs	$42,900
Selling, general, and administrative expenses	$28,000
Depreciation	$45,800

Partial Balance Sheet 12/31/2016
ASSETS		LIABILITIES
Cash	$15,800	Notes payable	$14,100
Accounts receivable	$28,100	Accounts payable	$19,200
Inventories	$48,100	Long-term debt	$190,000
Fixed assets	$368,000	OWNERS' EQUITY
Accumulated depreciation	$141,200	Retained earnings
Intangible assets	$82,200	Common stock	$131,900

Partial Balance Sheet 12/31/2017
ASSETS		LIABILITIES
Cash	$25,800	Notes payable	$12,000
Accounts receivable	$18,800	Accounts payable	$24,100
Inventories	$53,100	Long-term debt	$161,800
Fixed assets	$447,800	OWNERS' EQUITY
Accumulated depreciation		Retained earnings
Intangible assets	$82,200	Common stock	$181,800