Digital Forces
Selected Data from the Financial Statements for Digital

question 220

Essay

Digital Forces
Selected data from the financial statements for Digital Forces is presented below.
$$\begin{array} { l r } \text { Net sales-2017 } & \$ 200,000 \\\text { Cost of sal es-2017 } & 136,000 \\\text { Selling and Administrative Expenses-2017 } & 63,000 \\\text { Other operating Expenses-2017 } & 600 \\\text { Income taxes-2017 } & 3,000 \\\text { Inventories-December 31,2016 } & 11,000 \\\text { Inventories-December 31,2017 } & 13,000 \\\text { Retained Earnings-December 31,2017 } & 39,000\end{array}$$
-Refer to the financial statement information for Digital Forces.
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What portion of every dollar is available to cover operating expenses and to contribute to profits for 2017?

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Definitions:

Cash Flow Statement

A financial report that provides aggregate data regarding all cash inflows a company receives from its ongoing operations, and all cash outflows that pay for business activities and investments during a given period.

Investments Account

An account that holds securities, bonds, stocks, or other financial assets in the interest of an investor.

Dividends Received

Represents payments received by investors for owning shares in a company, typically issued from the company's profits.

Interest Paid

The total amount of interest payments made on borrowings (e.g., loans, bonds) during a given period.