Question: table [ [ ASSETS , 2 0 2 0 , 2 0 1 9 , LABIUTIES AND SHAREHOLDERS' EQUTY, 2 0 2 0 ,

\table[[ASSETS,2020,2019,LABIUTIES AND SHAREHOLDERS' EQUTY,2020,2019],[Current assets:,,,Current liabilities:,,],[Cash and cash equivalents,2,495,1,987,Accounts payable,8,872,8,174],[Accounts receivable,1,400,1,252,Accrued expenses,1,270,1,183],[Inventory,9,710,9,360,,,],[Total current assets,13,605,12,599,Total current liabilties,10,142,9,357],[Fixedassets:,,,Long-term debt,9,785,11,010],[Property, plant, and equipment,38,481,37,050,,,],[Less accumulated depreciation,14,432,12,738,Shareholders' equity,,],[Net PP&E,24,049,24,312,Common stock,8,033,7,249],[,,,Retained earnings,9,694,9,295],[Total assets,37,654,36,911,Total liabilties and shareholers' equity,37,654,36,911]]
Income statement of MCM, Inc. - Fiscal Year 2020(figures in $ thousands)
\table[[,2020],[Sales,72,054],[Cost of goods sold,48,012],[Selling, general, & administrative expense:,16,305],[Depreciation,1,694],[EBIT,6,043],[Interest expense,635],[Taxable income,5,408],[Taxes,1,839],[Net Income,3,569]]
Given the financial statements of MCM, Inc., what is the cash flow from assets for fiscal year 2020? Please enter your answer in $ thousands, similar to how figures are reported in the financial
\ table [ [ ASSETS , 2 0 2 0 , 2 0 1 9 ,

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!