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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 =

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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 = $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, net fixed assets were $16,800, current assets were $5,930, and current liabilities were $3,150. The tax rate for 2018 was 34% a. What is not income for 2016? b. What is the operating cash flow for 20182 c. What is the cash flow from assets for 2018? Is this possible? Explain

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