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Cusic Industries had the following operating results for 2010; sales = $13,056; cost of goods sold = $10,608; depreciation expense = $1,938; interest expense =
Cusic Industries had the following operating results for 2010; sales = $13,056; cost of goods sold = $10,608; depreciation expense = $1,938; interest expense = $459; dividends paid = $510. At the beginning of the year, net fixed assets were $9,282, current assets were $3,264, and current liabilities were $1,836. At the end of the year, net fixed assets were $9,894, current assets were $3,927, and current liabilities were $2,142. The tax rate for 2010 was 39 percent.
1) Net income for 2010 | |||||
2) The operating cash flow for 2010 | |||||
3) The cash flow from assets for 2010 | |||||
4) If no new debt was issued during the year, the cash flow to creditors is $?? | |||||
and the cash flow to stockholders is $ ?? | |||||
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