Question: Problem 14 Intro Below is the balance sheet for Southern Comfort Company for December 31 of 2015 and 2016. 2015 2016 2015 2016 Cash Accounts


Problem 14 Intro Below is the balance sheet for Southern Comfort Company for December 31 of 2015 and 2016. 2015 2016 2015 2016 Cash Accounts receivable Inventory Current assets 850 1,000 2,550 3,000 2,550 3,000 5,950 7,000 11,050 13,000 17,000 20,000 Accounts payable 2,550 3,000 Current liabilities 2,550 3,000 Long-term debt 5,100 6,000 Total liabilities 7,650 9,000 Equity 9,350 11,000 Total liab. & equity 17,000 20,000 Net fixed assets Total assets The income statement for 2016 is also given: Amount Sales Cost 48,000 26,400 7,200 14,400 Depreciation EBIT Interest 4,800 Taxes 2,400 Net income 7,200 6,480 Dividends Part 1 Attempt 1/6 for 10 pts. What was cash flow from assets in 2016? 0+ decimals Submit Part 2 | Attempt 1/6 for 10 pts. What was the cash flow to creditors in 2016? 0+ decimals Submit Part 3 Attempt 1/6 for 10 pts. What was the cash flow to stockholders in 2016? 0+ decimals Submit
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