Question: Question 5 (10 points) Saved (estimated time allowance: 9 minutes) Given the following information, which has been extracted from the financial statements of a company,
Question 5 (10 points) Saved (estimated time allowance: 9 minutes) Given the following information, which has been extracted from the financial statements of a company, answer the question at the bottom of the problem. Net income in 2019 = $17,000 Annual depreciation in 2019 = $2,000 Interests in 2019= $500 Net Fixed Assets in 2019 = $180,000 Cumulative depreciation in 2019 = $50,000 Gross Fixed Assets in 2018 - $230,000 Working capital in 2018 = $20,000 Working capital in 2019 = $12,000 There is no other long-term assets in the balance sheets of 2018 and 2019. What is the Cash Flow From Assets (CFFA) for 2019? When answering the question (filling in the blank), DO NOT use dollar signs, USE commas to separate thousands. DO NOT use parenthesis to denote negative numbers, USE the negative sign in front of first digit for negative numbers, Round to the nearest dollar. Your
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