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Calculating Cash Flows LO2] Dahlia Industries had the following operating Results for 2009: sales_$22,800; cost of goods sold_$16,050; depreciation Expense _ $4,050; interest expense_$1,830; dividends

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Calculating Cash Flows LO2] Dahlia Industries had the following operating Results for 2009: 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 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 2009 was 34 percent. a. What is net income for 2009? b. What is the operating cash flow for 2009? c. What is the cash flow from assets for 2009? Is this possible? Explain. d. If no new debt was issued 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) through (d)

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