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Check my world Nanticoke Industries had the following operating results for 2018: sales $28,260; cost of goods sold = $19,410; depreciation expense = $4,980; interest
Check my world Nanticoke Industries had the following operating results for 2018: sales $28,260; cost of goods sold = $19,410; depreciation expense = $4,980; interest expense = $2,340; dividends paid = $1,100. At the beginning of the year, net fixed assets were $16,830, current assets were $5,790, and current liabilities were $3,240. At the end of the year, net fixed assets were $20,310, current assets were $7,116, and current liabilities were $3,870. The tax rate for 2018 was 30 %. a. What is net income for 2018? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) Net income b. What is the operating cash flow for 2018? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) Operating cash flow $ c. What is the cash flow from assets for 2018? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.)
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