Consider the income statement for Marvin's Marvelous Martian Mud
Machines for the last year:
• EBIT 8,820
• Depreciation of 1,800
• Interest (expense) 324
• Tax Expense 2,974
At the beginning of the year:
• Net Fixed Assets were $7,200;
• Current Assets were $1,800; and
• current liabilities were $1,350.
At the end of the year:
• Net Fixed Assets were $7,560;
• Current Assets were $2,790 and
• Current Liabilities were $1,620.
They paid a dividend of $200, and neither issued, nor redeemed, any stock.
What was Cash Flow from Assets?
