Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Manaia Manufacturing had the following operating results for 2 0 2 2 : sales = $ 3 0 , 2 2 4 ; cost of

Manaia Manufacturing had the following operating results for 2022: sales =$30,224; cost of goods sold =$21,758; depreciation expense =$3,519; interest expense =$549; dividends paid =$853. At the beginning of the year, net fixed assets were $20,075, current assets were $2,941, and current liabilities were $3,887. At the end of the year, net fixed assets were $23,092, current assets were $4,458, and current liabilities were $3,093. The tax rate for 2022 was 22 percent.
a. What is net income for 2022?
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.
b. What is the operating cash flow for 2022?
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.
c. What is the cash flow from assets for 2022?
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.
d. If no new debt was issued during the year, what is the cash flow to creditors for 2022?
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.
e. Assume no new debt was issued during the year. What is the cash flow to stockholders for 2022?
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions