Question: Problem 2-24 Calculating Cash Flow Use the following information for Ingersoll, Inc., (assume the tax rate is 22 percent): 2019 2020 Sales $19,573 $
Problem 2-24 Calculating Cash Flow Use the following information for Ingersoll, Inc., (assume the tax rate is 22 percent): 2019 2020 Sales $19,573 $ 17,736 Depreciation 1,821 1,896 Cost of goods sold 4,779 4,867 Other expenses 1,026 904 Interest 875 1,006 Cash 6,307 6,946 Accounts receivable 8,200 9,907 Long-term debt 20,800 25,036 Net fixed assets 51,240 54,753 Accounts payable 5,970 6,431 Inventory 14,555 15,448 Dividends 1,750 1,778 For 2020, 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.) Cash flow from assets Cash flow to creditors Cash flow to stockholders $ 6,790.58
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