USE THE FOLLOWING DATA TO ANSWER QUESTIONS 35 – 40

Annual Income Statements
	2017	2018
Sales	525,800	559,700
COGS	????	149,600
Gross profit	381,000	410,100
Oper. exp	236,100	250,100
Depreciation	15,000	16,160
Operating profit	129,900	143,840
Interest exp.	9,500	10,600
EBT	120,400	133,240
Taxes	34,910	42,880
Net Income	85,490	90,360
Annual Balance Sheets
	2017	2018
Cash	440,200	468,600
Accounts rec	278,400	252,300
Inventories	293,500	315,700
Current Assets	1,012,100	1,036,600
Net fixed assets	1,125,000	???
Land	100,200	120,600
Total Assets	2,237,300	2,357,400
Notes payable	250,000	177,500
Accounts payable	110,200	115,800
Accruals	12,900	10,600
Current portion of long-term debt	100,200	195,200
Current Liabilities	473,300	499,100
Long-term debt	1,000,000	900,000
Common stock @ ($0.25 par)	25,000	30,300
Additional paid in capital	500,000	610,200
Retained earnings	239,000	317,800
Total Liabilities & Equity	2,237,300	2,357,400

39. Cash flow from investing in 2018 was $__________.

40. Total dividends paid in 2017 was $________.

Answer rating: 100% (QA)

ANSWER To calculate the cash flow from investing in 2018 we need to consider the changes in the net ... View the full answer