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Martinez Industries had the following operating results for 2021: Sales = $33,712; Cost of goods sold = $23,918; Depreciation expense = $5,937; Interest expense =

Martinez Industries had the following operating results for 2021:

 Sales = $33,712; 

Cost of goods sold = $23,918; 

Depreciation expense = $5,937; 

Interest expense = $2,680; 

Dividends paid = $1,942. 

At the beginning of the year, net fixed assets were $19,880, current assets were $7,012, and current liabilities were $3,956. 

At the end of the year, net fixed assets were $24,448, current assets were $8,648, and current liabilities were $4,619. The tax rate was 21 percent.


a.What is net income for 2021?
b.What is the operating cash flow for 2021? 
c.What is the cash flow from assets for 2021? 
d-1.If no new debt was issued during the year, what is the cash flow to creditors? 
d-2.If no new debt was issued during the year, what is the cash flow to stockholders? 


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