Use the following information to create an income statement and balance sheet for 2016 and 2017; assume the tax rate is 34%. Then, using those statements, calculate for 2017:

- Cash flow from assets

- Cash flow to creditors

- Cash flow to stockholders

	2016	2017
Sales	25,460	28,458
Depreciation expense	3,654	3,820
Cost of goods sold	8,754	10,356
Other expenses	2,082	1,812
Interest expense	1,708	2,038
Cash	13,348	14,226
Accounts receivable	17,674	20,742
Short-term notes payable	2,576	2,524
Long-term debt	44,704	54,198
Net fixed assets	111,954	119,400
Accounts payable	9,644	10,216
Inventory	31,422	33,634
Dividends	3,044	3,560

Answer rating: 100% (QA)

Required solution Income Statement 2016 2017 Sales 25460 28458 Cost of goods sold 8754 10356 Gross p... View the full answer