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figured out the first 3 questions, cant figure out the CFC and CFS at the bottom. thank you for the help. Nanticoke Industries had the
figured out the first 3 questions, cant figure out the CFC and CFS at the bottom. thank you for the help.
Nanticoke Industries had the following operating results for 2020 : sales $29,580; cost of goods sold =$19,610; depreciation expense = $5,140; interest expense =$2,490; dividends paid =$1,300. At the beginning of the year, net assets were $17,030, current assets were $5,830, and current liabilities were $3,400. At the end of the year, net fixed assets were $20,510, current assets were $7,604, and current liabilities were $3,950. The tax rate for 2020 was 30%. a. What is net income for 2020 ? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.) Net income $ b. What is the operating cash flow for 2020 ? (Negative answer should be indicated by a minus sign. Omit \$ sign in your response.) Operating cash flow $ c. What is the cash flow from assets for 2020 ? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.) Cash flow from assets $ d. If no new debt was issued during the year, what is the cash flow to creditors? What is the cash flow to shareholders? (Negative answers should be indicated by a minus sign. Omit \$ sign in your response.)Step by Step Solution
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