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1. ABC company had the following operating results for 2019: Sales = $18,450 Costs = $13,610 Depreciation expense = $2,420 Interest expense = $260 Dividends
1. ABC company had the following operating results for 2019: Sales = $18,450 Costs = $13,610 Depreciation expense = $2,420 Interest expense = $260 Dividends = $450. At the beginning of the year: Net fixed assets: $12,100 Current Assets: $3,020 Current Liabilities: $2,260 At the end of the year: Net fixed assets: $12,700 Current Assets: $4,690 Current Liabilities: $2,720 The tax rate for 2008 was 35 percent What is the net income for 2019? What is the operating cash flow for 2019?
1. ABC company had the following operating results for 2019: Sales = $18,450 Costs = $13,610 Depreciation expense = $2,420 Interest expense = $260 Dividends = $450. At the beginning of the year: Net fixed assets: $12,100 Current Assets: $3,020 Current Liabilities: $2,260 At the end of the year: Net fixed assets: $12,700 Current Assets: $4,690 Current Liabilities: $2,720 The tax rate for 2008 was 35 percent What is the net income for 2019? What is the operating cash flow for 2019?
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