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20. Calculating Cash Flows Cusic industries had the following operating results for 2015: Sales = $20,300; cost of goods sold = $14,500 depreciation expence =
20. Calculating Cash Flows Cusic industries had the following operating results for 2015: Sales = $20,300; cost of goods sold = $14,500 depreciation expence = $2,900; interest expense = $690; dividends paid $660. At the beginning of the year, net fixed assets were $15,470, current assets were $4,630, and current liabilities were $2,520. At the end of the year, net fixed assets were $17,120, current assets were $5,343, and current liabilities were $2,785.The tax rate for 2015 was 40%. can I have work done step by step.
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