Question: Using the information below, what is the cash flow from assets? Please submit your answer and upload your handwritten calculations via Blackboard. If any of

Using the information below, what is the cash flow from assets?

Please submit your answer and upload your handwritten calculations via Blackboard. If any of these are missing (your answer or the uploaded file) this question won't be graded.

Statement of Income Statement of Financial Position

2018 2017 2018 2017 2018

Net sales 1,384 Cash 100 111 Acc payables 400 350

less: CGS 605 Acc Rec 350 425 Notes Payables 390 370

Less Depreciation 20 Invent 440 410

EBIT 759 LTD 500 550

Less: Interest paid 250 NFA 1,556 1,704 Equity

Taxable income 509 Common S 600 580

Less: Taxes 156 Retained Earn 556 800

Net income 353

Additions to RE 244

Dividends paid 109 Total Assets 2,446 2,650 2,446 2,650

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