Question

Red Barchetta Co. paid $28,265 in dividends and $29,382 in interest over the past year. During...

Red Barchetta Co. paid $28,265 in dividends and $29,382 in interest over the past year. During the year, net working capital increased from $13,914 to $18,644. The company purchased $43,870 in fixed assets and had a depreciation expense of $17,570. During the year, the company issued $25,425 in new equity and paid off $21,595 in long-term debt. What was the company's cash flow from assets?

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Answer #1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

NET INCOME IS NOT GIVEN, SO WE HAVE TO APPLY SECOND FORMULA FOR FINDING CASH FLOW FROM ASSETS

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