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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