Question
Cardinal Industries had the following operating results for 2018: Sales = $33,106; Cost of goods sold = $23,624; Depreciation expense = $5,877; Interest expense =
The tax rate for 2018 was 22 percent.
a. What is net income for 2018? (Do not round intermediate calculations.)
b. What is the operating cash flow for 2018? (Do not round intermediate calculations.)
c. What is the cash flow from assets for 2018? (Do not round intermediate calculations.
A negative answer should be indicated by a minus sign.)
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Get StartedRecommended Textbook for
Fundamentals of corporate finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
9th edition
978-0077459451, 77459458, 978-1259027628, 1259027627, 978-0073382395
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