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Nanticoke Industries had the following operating results for 2 0 2 0 : Sales = $ 2 7 , 9 6 0 ; Cost of

Nanticoke Industries had the following operating results for 2020: Sales = $27,960; Cost of goods sold = $19,360; Depreciation expense = $4,940; Interest expense = $2,190; Dividends paid = $1,050. At the beginning of the year, Net fixed assets = $16,680, Current assets = $5,780, Current liabilities = $3,300. At the end of the year, Net fixed assets = $20,260, Current assets = $7,116, Current liabilities = $3,840. The tax rate for 2020 was 30%. What is the operating cash flow for 2020? f no new debt was issued during the year, what is the cash flow to creditors? What is the cash flow to shareholders?

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