Use the following information for Megan Corporation and; 

a) Set up the Balance Sheet for years 2017 and 2018 and Income Statement for the year 2018. 

b) Calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders for 2018. The tax rate is 25 percent. 

Transcribed Image Text:

2017 2018 Cash 1,500 1,540 Cost of goods sold 1,200 1,300 Depreciation 380 400 Interest 190 220 Inventory 3,500 3,600 Accounts payable 1,580 1,530 Fixed assets 12,600 12,900 Sales 3,000 3,500 Accounts receivable 1,990 2,250 Notes payable 290 270 Long-term debt 5,100 5,800 Dividends 360 390 2017 2018 Cash 1,500 1,540 Cost of goods sold 1,200 1,300 Depreciation 380 400 Interest 190 220 Inventory 3,500 3,600 Accounts payable 1,580 1,530 Fixed assets 12,600 12,900 Sales 3,000 3,500 Accounts receivable 1,990 2,250 Notes payable 290 270 Long-term debt 5,100 5,800 Dividends 360 390

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Regarding the question below is the balance sheet of Megan Corporation for the year 2017 and 2018 Be... View the full answer