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21. Calculating Cash Flows (LO2) Nanticoke Industries had the following operating results for 2018: sales $22.800; cost of goods sold = $16,050: depreciation expense =
21. Calculating Cash Flows (LO2) Nanticoke Industries had the following operating results for 2018: sales $22.800; cost of goods sold = $16,050: depreciation expense = $4.050; interest expense = $1,830; dividends paid = $1,300. At the beginning of the year, net assets were $13.650, current assets were $4,800, and current liabilities were $2,700. At the end of the year, ner fixed assets were $16,800, current assets were $5.930, and current liabilities were $3.150. The tax rate for 2018 was 34%. . What is net income for 2018? b. What is the operating cash flow for 2018? & Whial is the cash flow liom assets for 2018? Is Ilus possible? Explai. d. If no new debt was issued during the year, what is the cash flow to creditors? Wliat is the cash flow to shareholders? Explain and interpret the positive and negative signs of your answers in laj through (d
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