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21. Calculating Cash Flows Stackhouse Industries had the following operating results for 2023 : sales =$38,072; cost of goods sold = $27,168; depreciation expense =$6,759;

image text in transcribed 21. Calculating Cash Flows Stackhouse Industries had the following operating results for 2023 : sales =$38,072; cost of goods sold = $27,168; depreciation expense =$6,759; interest expense =$3,050; dividends paid =$2,170. At the beginning of the year, net fixed assets were $22,790, current assets were $8,025, and current liabilities were $4,511. At the end of the year, net fixed assets were $28,053, current assets were $9,904, and current liabilities were $5,261. The tax rate was 22 percent a. What was net income for 2023 ? b. What was the operating cash flow for 2023 ? c. What was the cash flow from assets for 2023? Is this possible? Explain. d. If no new debt was issued during the year, what was the cash flow to creditors? What was the cash flow to stockholders? Explain and interpret the positive and negative signs of your answers in (a) through (d)

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