Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Manaia Manufacturing had the following operating results for 2022 ; sales =$32,861; cost of goods sold =$23,795; depreciation expense =$3,817; interest expense =$565; dividends paid
Manaia Manufacturing had the following operating results for 2022 ; sales =$32,861; cost of goods sold =$23,795; depreciation expense =$3,817; interest expense =$565; dividends paid =$908. At the beginning of the year, net fixed assets were $21,859, current assets were $3,913, and current liabilities were $3,421. At the end of the year, net fixed assets were $25,286, current assets were $4,819, and current liabilities were $3,279. The tax rate was 24 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. Assume no new debt was issued during the year. What is the cash flow to creditors during 2022 ? What is the cash flow to stockholders? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g432
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started