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General Therapeutics Co.s Revenue in 2018 was $55,000 while its cost of goods sold was $42,000; the company paid $600 in interest while value for
General Therapeutics Co.s Revenue in 2018 was $55,000 while its cost of goods sold was $42,000; the company paid $600 in interest while value for depreciation was $6,000.
Also, for 2018 net fixed assets were $25,000 while its current assets were $8,000 and current liabilities were $5,000.
These are the values for 2017: net fixed assets = $19,500, current assets = $6,800 and current liabilities = $4,500. The tax rate is 35%.
Required:
- What is net income for 2018?
- What is the operating cash flow for 2018?
- What is the cash flow from assets for 2018? How do you interpret this result?
- What is the cash flow to shareholders?
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