Suppose you are given the following financial statement information for 2015 and

Question

Suppose you are given the following financial statement information for 2015 and 2016. Calculate the cash flow from assets (CFA) for 2016. (Round to 2 decimal places) Income Statement (2016) Sales Cost of goods sold Other Expenses Balance Sheet $4,206 $2,058 2015 2016 $347 Cash Accounts Receivable $210 $1.497 $586 $469 EBIT Curent Assets $1,026 $1,410 Net Fixed Assets $224 Total Assets EBT Taxes p096) Net income $541 $162.30 $378.70 $189.35 $189.35 $1.250 $1,716 Accounts Payable Notes Payable Current Liablities Long-term Debt Total Equity Total L+ E $185 $158 $193 Addition to Retained Earnings $343 $275 $632 $627 1250 $1,716 s Moving to another question will save this response

Explanation / Answer

CFFA = OCF - NCS - change in NWC = 1920.70 -1309 -334 = $277.70 where, OCF = EBIT + DEP - TAX = 586 +1497-162.30= 1920.70 NCS = ending net FA - beginning net FA + DEP = 306 -224 +1497 = 1309 change in NWC = ending NWC - beginning NWC = (1410 - 393) - (1026 - 343) = 334

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