Problem 2-22 Calculating Cash Flow Use the following information for Ingersoll, Incorporated. Assume the tax rate...
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Problem 2-22 Calculating Cash Flow Use the following information for Ingersoll, Incorporated. Assume the tax rate is 23 percent. 2020 2021 Sales $20,049 $18,978 Depreciation 2,446 2,554 Cost of goods sold 6,040 6,801 Other expenses 1,392 1,213 Interest 1,145 1,360 Cash 8,711 9,457 Accounts receivable 11,558 13,692 Short-term notes 1,744 1,711 payable Long-term debt 29,270 35,404 Net fixed assets 72,930 77,820 Accounts payable 6,311 6,850 Inventory 20,543 21,932 Dividends 2,329 2,384 For 2021, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Problem 2-22 Calculating Cash Flow Use the following information for Ingersoll, Incorporated. Assume the tax rate is 23 percent. 2020 2021 Sales $20,049 $18,978 Depreciation 2,446 2,554 Cost of goods sold 6,040 6,801 Other expenses 1,392 1,213 Interest 1,145 1,360 Cash 8,711 9,457 Accounts receivable 11,558 13,692 Short-term notes 1,744 1,711 payable Long-term debt 29,270 35,404 Net fixed assets 72,930 77,820 Accounts payable 6,311 6,850 Inventory 20,543 21,932 Dividends 2,329 2,384 For 2021, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
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