Determining the cash flow of the firm

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Reference no: EM133062531

Problem: Ledger Properties has the following financial information:

 

Current Year

Prior Year

Revenues

 $48,915

$43,610

Administrative expenses

 12,106

11,602

Interest expense

 816

468

Cost of goods sold

 29,715

 26,309

Depreciation

 1,408

 1,387

Net fixed assets

 32,711

 31,984

Current liabilities

 14,652

 14,625

Common stock

 15,000

 14,000

Current assets

 16,506

 14,687

Long-term debt

 12,200

 ?

Retained earnings

 7,365

 4,246

Dividends paid

 290

 275

What is the cash flow of the firm for the current year if the tax rate is 22 percent?

Reference no: EM133062531

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