The income statement for the Lowell Store, Inc. for the last year had: Sales = $200,000;...
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The income statement for the Lowell Store, Inc. for the last year had: Sales = $200,000; Cost of Goods Sold = $84,000; Selling, General and Administrative Expense = $18,000; Depreciation = $14,600; and interest expense = 6,477. The company raised $5,000 in new equity and reduced its long-term debt by $16,000. Its tax rate is 35 percent and the retention ratio is 0.6, what was the cash flow from assets?
$44,477
$38,477
$45,477
$37,477
$47,477
$50,477
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The income statement for the Lowell Store, Inc. for the last
year had: Sales = $200,000;...
The income statement for the Lowell Store, Inc. for the last year had: Sales = $200,000;...
The income statement for the Lowell Store, Inc. for the last year had: Sales = $200,000; Cost of Goods Sold = $84,000; Selling, General and Administrative Expense = $18,000; Depreciation = $14,600; and interest expense = 6,477. The company raised $5,000 in new equity and reduced its long-term debt by $16,000. Its tax rate is 35 percent and the retention ratio is 0.6, what was the cash flow from assets? $44,477 $38,477 $45,477 $37,477 $47,477 $50,477
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Wal-Mart Stores, Inc. Target Corporation Income Statement Data for Year Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income $65,300 45,000 14,000 660 $417,000 301,000 79,000 1,800 (85) (380) 1,500 4,055 7,100 $27,720 Balance Sheet Data (End of Year) Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders $16,000 27.400 $43,400 $11,000 17,800 14,600 $50,000 121,000 $171,000 $54,000 43,000 74,000 $171,000...
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