Question
Manaia Manufacturing had the following operating results for 2022: sales = $32,861; cost of goods sold = $23,795; depreciation expense = $3,817; interest expense =
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.
- What is net income for 2022?
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.
- 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.
- 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.
- 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.g., 32.
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