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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.
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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