Ledger Properties has the following financial information:

	Current Year	Prior Year
Revenues		$	48,915			$	43,610
Administrative expenses			12,106				11,602
Interest expense			816				468
Cost of goods sold			29,715				26,309
Depreciation			1,408				1,387
Net fixed assets			32,711				31,984
Current liabilities			14,652				14,625
Common stock			15,000				14,000
Current assets			16,506				14,687
Long-term debt			12,200				?
Retained earnings			7,365				4,246
Dividends paid			290				275

What is the cash flow of the firm for the current year if the tax rate is 22 percent?

Answer rating: 100% (QA)

To calculate the cash flow for the current year use the fo... View the full answer