Question

You are analyzing the Income Statement and Balancet Sheet of Surtsey Corp. (provided below). What is...

You are analyzing the Income Statement and Balancet Sheet of Surtsey Corp. (provided below). What is the firm's Cash Flow From Assets for 2019?

2019 2018
Sales $442,000 $462,000
COGS 245,000 271,000
Depreciation 74,000 72,500
Selling, General & Administrative Expenses 37,000 28,900
EBIT 86,000 89,600
Interest Expense 36,200 40,500
EBT 49,800 49,100
Taxes 15,936 16,203
Net Income $33,864 $32,897
2019 2018 2019 2018
Cash $20,800 $12,250 Accounts Payable $45,060 $43,150
Accounts Receivable 22,620 19,565 Notes Payable 14,402 19,785
Inventory 100,052 83,150 Total Current Liabilities 59,462 62,935
Total Current Assets 142,752 114,965 Long Term Debt 75,040 85,410
Property, Plant and Equipment 207,500 215,400 Total Liabilities 134,502 148,345
Goodwill 9,620 9,620 Common Stock 79,500 66,240
Retained Earnings 145,870 125,400
Total Equity 225,370 191,640
Total Assets $359,872 $339,985 Total Liabilities & Owners' Equity $359,872 $339,985
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