Question
In: Finance
Use the following financial information below to find the cash flow form assets (CFFA) for 2017:...
Use the following financial information below to find the cash
flow form assets (CFFA) for 2017: (10 pts)
2016. 2017
sales $5,918. $7,000
COGS. 3,899. 4,460
Interest. 333. 277
Depreciation. 1,204. 1,196
Cash. 875. 418
Accounts
receivables. 601. 578
Current
liabilities. 414. 463
Inventory. 1,215. 1,598
Long-term
debt. 4,780. 4,103
Net fixed
assets. 7,700. 7,330
Shareholder’s
equity. 4,994. 5,358
Taxes. 198. 320
please show full work with formulas
Solutions
Expert Solution
EBIT = Sales - Costs - Depreciation
EBIT = $7,000 - $4,460 - $1,196
EBIT = $1,344
Operating Cash Flow = EBIT + Depreciation - Taxes
Operating Cash Flow = $1,344 + $1,196 - $320
Operating Cash Flow = $2,220
Current Assets, 2017 = Cash + Accounts Receivables +
Inventory
Current Assets, 2017 = $418 + $578 + $1,598
Current Assets, 2017 = $2,594
Current Assets, 2016 = Cash + Accounts Receivables +
Inventory
Current Assets, 2016 = $875 + $601 + $1,215
Current Assets, 2016 = $2,691
Change in Net Working Capital = Net Working Capital, 2017 - Net
Working Capital, 2016
Change in Net Working Capital = (Current Assets, 2017 - Current
Liabilities, 2017) - (Current Assets, 2016 - Current Liabilities,
2016)
Change in Net Working Capital = ($2,594 - $463) - ($2,691 -
$414)
Change in Net Working Capital = -$146
Net Capital Spending = Net Fixed Assets, 2017 + Depreciation -
Net Fixed Assets, 2016
Net Capital Spending = $7,330 + $1,196 - $7,700
Net Capital Spending = $826
Cash Flow from Assets = Operating Cash Flow - Net Capital
Spending - Change in Net Working Capital
Cash Flow from Assets = $2,220 - $826 - (-$146)
Cash Flow from Assets = $1,540
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