Net income in 2016 = $3,000 Annual depreciation in 2016 = $1,000 Interests in 2016= $500 Working capital in 2016 = $4,000 Working capital in 2015 = $5,000 Net Fixed assets in 2016 $70,000 Cumulative depreciation in 2016 = $5,000 Gross fixed assets in 2015 = $60,000 There is no other long-term assets in the balance sheets of 2015 and 2016. = What is the Cash Flow From Assets (CFFA) for 2016? When answering

Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter8: Operating Assets: Property, Plant, And Equipment, And Intangibles
Section: Chapter Questions
Problem 8.11AMCP
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Net income in 2016 = $3,000
Annual depreciation in 2016
$1,000
Interests in 2016= $500
Working capital in 2016 = $4,000
Working capital in 2015 = $5,000
Net Fixed assets in 2016 = $70,000
Cumulative depreciation in 2016 =
$5,000
Gross fixed assets in 2015 = $60,000
There is no other long-term assets in
the balance sheets of 2015 and
2016.
What is the Cash Flow From Assets
(CFFA) for 2016? When answering
Transcribed Image Text:Net income in 2016 = $3,000 Annual depreciation in 2016 $1,000 Interests in 2016= $500 Working capital in 2016 = $4,000 Working capital in 2015 = $5,000 Net Fixed assets in 2016 = $70,000 Cumulative depreciation in 2016 = $5,000 Gross fixed assets in 2015 = $60,000 There is no other long-term assets in the balance sheets of 2015 and 2016. What is the Cash Flow From Assets (CFFA) for 2016? When answering
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