Question: Use the data from the following financial statements LOADING... . The company paid interest expense of $ 17 comma 900$17,900 for 2011 and had an

Use the data from the following financial statements

LOADING...

.

The company paid interest expense of

$ 17 comma 900$17,900

for 2011 and had an overall tax rate of

40 %40%

for 2011. Find the cash flow from assets (CFFA) for 2011, break it into its three parts: operating cash flow (OCF), net capital spending (NCS), and change in net working capital (NWC). Answer only the following 2 questions:

The operating cash flow (OCF) is

$nothing.

(Round to the nearest dollar; use commas.)The net capital spending (NCS) is

$nothing.

(Round to the nearest dollar; use commas.)

Partial Income Statement Year Ending 2011

Sales revenue

$350,200

Cost of goods sold

$141,900

Fixed costs

$43,200

Selling, general, and administrative expenses

$28,100

Depreciation

$46,100

Partial Balance Sheet 12/31/2010

ASSETS

LIABILITIES

Cash

$15,900

Notes payable

$14,000

Accounts receivable

$27,800

Accounts payable

$19,100

Inventories

$48,000

Long-term debt

$190,200

Fixed assets

$368,200

OWNERS' EQUITY

Accumulated depreciation

$143,200

Retained earnings

Intangible assets

$81,800

Common stock

$131,900

Partial Balance Sheet 12/31/2011

ASSETS

LIABILITIES

Cash

$25,900

Notes payable

$11,900

Accounts receivable

$19,000

Accounts payable

$23,900

Inventories

$52,800

Long-term debt

$161,900

Fixed assets

$448,000

OWNERS' EQUITY

Accumulated depreciation

Retained earnings

Intangible assets

$81,800

Common stock

$181,900

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 Finance Questions!