Question: Problem 12 Intro Below is the balance sheet for Eastern Comfort Company for December 31 of 2015 and 2016. 2015 2016 2015 2016 Cash 850


Problem 12 Intro Below is the balance sheet for Eastern Comfort Company for December 31 of 2015 and 2016. 2015 2016 2015 2016 Cash 850 1,050 Accounts receivable Inventory Current assets 2,550 3,150 2,550 3,150 5,950 7,350 11,050 13,650 17,000 21,000 Accounts payable 2,550 3,150 Current liabilities 2,550 3,150 Long-term debt 5,100 6,300 Total liabilities 7,650 9,450 Equity 9,350 11,550 Total liab. & equity 17,000 21,000 Net fixed assets Total assets The income statement for 2016 is also given: Amount Sales 50,400 Cost 27,720 Depreciation EBIT 7,560 15,120 5,040 2,520 Interest Taxes Net income 7,560 18 Attempt 1/6 for 10 pts. Part 1 What was the operating cash flow for 2016? 0+ decimals Submit 18 Attempt 1/6 for 10 pts. Part 2 What was the change in net working capital? 0+ decimals Submit Part 3 Attempt 1/6 for 10 pts. What was initial investment in 2016? 0+ decimals Submit Part 4 - Attempt 1/6 for 10 pts. What was the Cash Flow From Assets for 2016? 0+ decimals
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