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Here are the financial results for Jerrys corporation in 2020: Sales were $45,000, cost of goods sold was $36,000, the companys assets depreciated by $5,000
Here are the financial results for Jerrys corporation in 2020: Sales were $45,000, cost of goods sold was $36,000, the companys assets depreciated by $5,000 and the company paid $500 in interest.
Also, for 2020 net fixed assets were $29,000 while current assets were $10,000 and current liabilities were $5,500.
These are the values for 2019: net fixed assets = $25,500, current assets = $8,800 and current liabilities = $5,000. The tax rate is 35%.
Required:
- What is net income for 2020?
- What is the operating cash flow for 2020?
- What is the cash flow from assets for 2020? How do you interpret this result?
- What is the cash flow to shareholders?
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