Question
Calculating Cash Flows . Titan Football Manufacturing had the following operating results for 2014: sales 5 $23,730; cost of goods sold 5 $16,780; depreciation expense
Calculating Cash Flows . Titan Football Manufacturing had the following operating results for 2014: sales 5 $23,730; cost of goods sold 5 $16,780; depreciation expense 5 $2,840; interest expense 5 $414; dividends paid 5 $616. At the beginning of the year, net fixed assets were $16,560, current assets were $2,940, and current liabilities were $2,592. At the end of the year, net fixed assets were $18,840, current assets were $3,528, and current liabilities were $2,484. The tax rate for 2014 was 35 percent.
c. What is the cash flow from assets for 2014? Is this possible? Explain.
(I want to to know if its possible and if so please explain.)
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