Calculate the cash flow from assets cash flow to creditors


Use the following information for ABC Inc. the answer the following questions (assume the tax rate is 34 percent):

2016 2017

Sales 23,146,000 25,872,000

Depreciation 3,322,000 3,472,000

Cost of Goods Sold 7,958,000 9,414,000

Other Expenses 1,892,000 1,648,000

Interest 1,552,000 1,852,000

Cash 12,134,000 12,932,000

Accounts Receivable 16,068,000 18,854,000

Short-term Notes Payable 3,422,000 2,294,000

Long-term Debt 40,640,000 49,392,000

Net Fixed Assets 101,776,000 108,546,000

Accounts Payable 8,768,000 9,288,000

Inventory 28,566,000 30,576,000

Dividends 2,822,000 3,236,000

a) Draw up a statement of comprehensive income and statement of financial position for this company for 2016 and 2017.

b) For 2017, calculate the cash flow from assets, cash flow to creditors, and cash flow to shareholders.

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Financial Management: Calculate the cash flow from assets cash flow to creditors
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