Answer with explanation, please fast i give you upvote. Use the following information for Ingersoll, Incorporated. Assume the tax rate is 23percent.SalesDepreciationCost of goods soldOther expensesInterestCashAccounts receivableShort-term notespayableLong-term debtNet fixed assetsAccounts payableInventoryDividends20212020$24,049 $19,2182,6346,8811,2531,4009,69713,9321,79135,60478,0607,09022,0122,464Cash flow from assetsCash flow to creditorsCash flow to stockholders2,5266,4401,4481,1858,75111,6381,82429,51073,1146,35920,6792,729For 2021, calculate the cash flow from assets, cash flow to creditors, and cash flow tostockholders. (A negative answer should be indicated by a minus sign. Do not roundintermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

The entire amount of money a company distributes to its owners over a given time period—usually…

Use the following information for Ingersoll, Incorporated. Assume the tax rate is 23 percent. Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 2020 $24,049 Cash flow from assets Cash flow to creditors Cash flow to stockholders 2,526 6,440 1,448 1,185 8,751 11,638 1,824 29,510 73,114 6,359 20,679 2,729 2021 $19,218 2,634 6,881 1,253 1,400 9,697 13,932 1,791 35,604 78,060 7,090 22,012 2,464 For 2021, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Use the following information for Ingersoll, Incorporated. Assume the tax rate is 23 percent. Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 2020 $24,049 Cash flow from assets Cash flow to creditors Cash flow to stockholders 2,526 6,440 1,448 1,185 8,751 11,638 1,824 29,510 73,114 6,359 20,679 2,729 2021 $19,218 2,634 6,881 1,253 1,400 9,697 13,932 1,791 35,604 78,060 7,090 22,012 2,464 For 2021, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 32BEB

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Use the following information for Ingersoll, Incorporated. Assume the tax rate is 24 percent. Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 2020 $22,549 Cash flow from assets Cash flow to creditors Cash flow to stockholders 2021 $19,128 2,496 2,604 6,290 6,851 1,427 1,238 1,170 1,385 8,736 9,607 11,608 13,842 1,794 1,761 29,420 35,529 73,045 77,970 7,000 21,982 2,434 6,341 20,628 2,579 For 2021, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Consider the following data extracted from an after-tax cash flow calculation. Before-Tax-and-Loan = $22,500 Loan Principal Payment = $5,926 Loan Interest Payment = $2,400 MACRS Depreciation Deduction = $16,665 Which of the following is closest to the Taxable Income? a. −$2,491. b. −$91. c. $3,435. d. $14,174
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Use the following information to answer this question: Bayside, Incorporated 2021 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts received Inventory Total Net fixed assets. Total assets 2020 $ 6,170 4,440 380 $1,350 $ 130 38 $ 1,312 276 $ 1,036 2021 $ 235 1,070 910 2,100 1,745 $ 2,945 $ 3,245 3,780 3,560 $ 6,725 $ 6,805 Total liabilities & equity Bayside, Incorporated 2020 and 2021 Balance Sheets ($ in thousands) Accounts payable Long-term debt Common stock Retained earnings How many dollars of sales were generated from every dollar of fixed assets during 2021? 2020 $ 1,635 850 3,320 920 $ 6,725 2021 $1,665 650 3,320 1,170 $ 6,805
Use the following information for Taco Swell, Inc., for Problems 23 and 24 (assume the tax rate is 21 percent): 2020 2021 Sales $21,514 $24,047 Depreciation 3,089 3,229 Cost of goods sold 7,397 8,750 Other expenses 1,759 1,531 Interest 1,443 1,723 Cash 11,279 12,021 Accounts receivable 14,934 17,529 Short-term notes payable 2,176 2,133 Long-term debt 37,778 45,798 Net fixed assets 94,601 100,893 Accounts payable 8,150 8,632 Inventory 26,551 28,421 Dividends 2,573 3,008 Financial Statements [O LO1] Draw up an income statement and balance sheet for this company for 2020 and 2021.