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Jackson Manufacturing had the following operating results for 2019: 2018 2019 Sales $140,500 Cost of Goods Sold $115,000 Depreciation Expense $13,470 Interest Expense $1,520 Dividends
Jackson Manufacturing had the following operating results for 2019: 2018 2019 Sales $140,500 Cost of Goods Sold $115,000 Depreciation Expense $13,470 Interest Expense $1,520 Dividends Paid $1,825 Net Fixed Assets $115,000 $119,000 Current Assets $12,500 $14,250 Current Liabilities $10,800 $11,500 Tax Rate 20% Based Upon the information provided compute the following for the company for 2019: a. Net Income for 2019 b. Operating Cash Flow for 2019 c. Net Capital Spending for 2019 Assume that there is no new debt issued in 2019, Compute d. Cashflow to creditors in 2019 e. Cashflow to Stockholders in 2019 f. Net new Equity in 2019
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