Answer: The correct answer is $1,732
Operating Cash Flow = EBIT + Depreciation – Tax
Operating Cash Flow = $3,396 + $1,611 - $740
Operating Cash Flow = $4,267
Net Capital Spending = Ending Net Fixed Assets – Beginning Net
Fixed Assets + Depreciation
Net Capital Spending = $17,107 - $17,489 + $1,611
Net Capital Spending = $1,229
Ending Working Capital = Ending Current Assets – Ending Current
Liabilities
Ending Working Capital = $4,771 - $1,532
Ending Working Capital = $3,239
Beginning Working Capital = Beginning Current Assets – Beginning
Current Liabilities
Beginning Working Capital = $6,127 - $4,194
Beginning Working Capital = $1,933
Change in Net Working Capital = Ending Working Capital –
Beginning Working Capital
Change in Net Working Capital = $3,239 - $1,933
Change in Net Working Capital = $1,306
Cash Flow from Assets = Operating Cash Flow – Net Capital
Spending – Change in Net Working Capital
Cash Flow from Assets = $4,267 - $1,229 - $1,306
Cash Flow from Assets = $1,732
when an expenditure on a long Galaxy Interiors 2018 Income Statement (s in millions) Net sales...
Dividends paid? Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Less: Taxes Net income $21,415 16,408 1611 3,396 1282 $ 2.114 740 $ 1,374 Galaxy Interiors 2017 and 2018 Balance Sheets is in millions) Cash Accounts receivabe Inventory Total Ne lixed assets 2017 2018 $ 668 $ 237 1.611 1.527 848 2.942 $6.127 4.771 17 489 17. 107 Accounts payable Notes payable Total long-term debt Common stock Retained earnings Total liab. &...
Data Table Loving Corporation Income Statement Year Ended December 31, 2018 (millions) Net sales 410 Expenses Net income (loss) Loving Corporation Statement of Retained Earnings Year Ended December 31, 2018 (millions) Beginning retained earnings Net income Cash dividends declared Ending retained earnings Loving Corporation Print Done Data Table Ending retained earnings Loving Corporation Balance Sheet December 31, 2018 (millions) Assets Cash All other assets Total assets Liabilities Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities...
Young, Inc. 2018 Statement of comprehensive Income ($ in millions) Net sales $1384 Tess Cost of goods sold 605 Less: Depreciation 180 Earnings before interest and taxes 599 Less: Interest paid Taxable income Less Taxes 156 Net Income $363 Addition to retained earnings Dividends paid $254 2017 Young, Inc. 2017 and 2018 Statement of financial position ($ in millions) 2017 2018 $100 $121 Accounts payable $400 Accounts rec. 350 425Notes payable 390 440 Inventory 410 $7901 Total Total $890 $956...