Question: Show all of your work for numerical problems. Based on the following information for ABC Corporation, answer each question (calculate for year 2021). Assume that

Show all of your work for numerical problems. Based on the following information for ABC Corporation, answer each question (calculate for year 2021). Assume that price per share is $85.6 and number of shares is 500. + 2020 2021 Sales 3,500 Cost of goods sold 2,450 Depreciation 600 EBIT ? Interest 150 Taxable Income Taxes Net Income ? Dividends 100 Cash 500 600 Inventory 700 800 Account Receivable 800 900 Current assets 2,000 2,300 Net fixed assets 4,000 4,140 Current liabilities 1,510 1,700 Long-term debt 2,000 2,150 Common stock 1,500 1,502 Retained Earning 990 1,088 a. What are the ABC's tax liabilities (tax payments)? Use a 34 percent tax rate throughout. b. Calculate cash flow from assets (CF Generating), cash flow to creditors, and cash flow to stockholders. Check CF identity c. Find Total Assets, Total Liabilities and Total Equity
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