Balance Sheet 2007 2008 2007 2008 Cash $ 1,700 $ 1,600 Accounts payable $13,800 $ 12,900 Accounts receivable 14,300 17,400 Long-term debt 47,500 48,600 Inventory 22,500 23,700 Common stock 17,000 22,000 Net fixed assets 82,900 81,600 Retained earnings 43,100 40,800 Total assets $121,400 $124,300 Total liabilities and equity $121,400 $124,300 Income Statement Net Sales $163,700 Costs 108,200 Depreciation 14,100 EBIT 41,400 Interest 3,800 Taxable income 37,600 Taxes 13,200 Net Income $ 24,400 What is the cash flow to creditors for 2008? Question 3 options: i) -$1,100 ii) $1,100 iii) -$2,700 iv) $2,700
2007 2008 2007 2008
Cash $ 1,700 $ 1,600 Accounts payable $13,800 $ 12,900
Inventory 22,500 23,700 Common stock 17,000 22,000
Net fixed assets 82,900 81,600
Total assets $121,400 $124,300 Total liabilities and equity $121,400 $124,300
Income Statement
Net Sales $163,700
Costs 108,200
EBIT 41,400
Interest 3,800
Taxable income 37,600
Taxes 13,200
Net Income $ 24,400
What is the
Question 3 options:
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