Calculating cash flow. Orchid nursery had the following operating results for 2015: sales=$22,800; cost of goods sold=$16,050; depreciation expense=$4,050; interest expense=$1,830; dividends paid=$1300. At the beginning of the year, net fixed 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 2015 was 34 percent.

• a) What is orchid Nurserys net income for 2015?
• b) What is its operating cash flow for 2015?
• c) What is its cash flow from assets for 2015? Is this possible? Explain.
• If no new debt was issue during the year, what is the cash flow to creditors? What is the cash flow to stockholders? Explain and interpret the positive and negative signs of your answers in (a) and through (d).