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Cardinal Industries had the following operating results for 2018; Sales $34722, Cost of Goods Sold $24,408; Depreciation Expense $6037; Interest expense $2730; Dividends paid $2032.
Cardinal Industries had the following operating results for 2018; Sales $34722, Cost of Goods Sold $24,408; Depreciation Expense $6037; Interest expense $2730; Dividends paid $2032. At the beginning of the year, net fixed assets were $19980, current assets were $7082, and current liabilities were $4016. At the end of the year, net fixed assets were $24538, current assets were $8708, and current liabilities were $4709. The tax rate for 2018 was 21%. What was the cash flow from assets?
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