Question
Cusic Industries had the following operating results for 2015: sales = $28,560; cost of goods sold = $19,460; depreciation expense = $5,020; interest expense =
Cusic Industries had the following operating results for 2015: sales = $28,560; cost of goods sold = $19,460; depreciation expense = $5,020; interest expense = $2,340; dividends paid = $1,150. At the beginning of the year, net fixed assets were $16,980, current assets were $5,800, and current liabilities were $3,280. At the end of the year, net fixed assets were $20,360, current assets were $7,360, and current liabilities were $3,900. The tax rate for 2015 was 30 percent. |
a. | What was net income for 2015? (Do not round intermediate calculations.) |
Net income | $ |
b. | What was the operating cash flow for 2015? (Do not round intermediate calculations.) |
Operating cash flow | $ |
c. | What was the cash flow from assets for 2015? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) |
Cash flow from assets | $ |
d-1 | If no new debt was issued during the year, what was the cash flow to creditors? (Do not round intermediate calculations.) |
Cash flow to creditors | $ |
d-2 | If no new debt was issued during the year, what was the cash flow to stockholders? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) |
Cash flow to stockholders | $ |
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