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1) For Year 2015, Decision Masters had sales of $58,800, cost of goods sold of $25,100, depreciation expense of $2,900, interest expense of $2,300, and
1) For Year 2015, Decision Masters had sales of $58,800, cost of goods sold of $25,100, depreciation expense of $2,900, interest expense of $2,300, and dividends paid of $1,500. At the beginning of the year, net fixed assets were $16,950, current assets were $8,500, and current liabilities were $5,600. At the end of the year, net fixed assets were $12,900, current assets were $10,100, and current liabilities were $6,250. The tax rate was 35 percent. What is the cash flow from assets for 2015?
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