Question: Problem 2-24 Calculating Cash Flow Use the following information for Ingersoll, Incorporated (assume the tax rate is 22 percent): 2022 2023 Sales $ 14,573 $
Problem 2-24 Calculating Cash Flow
Use the following information for Ingersoll, Incorporated (assume the tax rate is 22 percent):
| 2022 | 2023 | |
|---|---|---|
| Sales | $ 14,573 | $ 16,534 |
| Depreciation | 1,721 | 1,796 |
| Cost of goods sold | 4,279 | 4,767 |
| Other expenses | 976 | 854 |
| Interest | 825 | 956 |
| Cash | 6,157 | 6,646 |
| Accounts receivable | 8,100 | 9,607 |
| Long-term debt | 20,500 | 24,786 |
| Net fixed assets | 51,020 | 54,453 |
| Accounts payable | 5,710 | 6,031 |
| Inventory | 14,385 | 15,348 |
| Dividends | 1,250 | 1,678 |
For 2023, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders.
Note: 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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