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 |
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