Question
Nanticoke Industries had the following operating results for 2018: sales $30,060; cost of goods sold = $20,010; depreciation expense = $5,460; interest expense = $2,940;
Nanticoke Industries had the following operating results for 2018: sales $30,060; cost of goods sold = $20,010; depreciation expense = $5,460; interest expense = $2,940; dividends paid = $1,700. At the beginning of the year, net fixed assets were $17,260, current assets were $5,910, and current liabilities were $3,450. At the end of the year, net fixed assets were $20,910, current assets were $7,390, and current liabilities were $4,040. The tax rate for 2018 was 30 %. a. What is net income for 2018? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) Net income $ b. What is the operating cash flow for 2018? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) Operating cash flow $ c. What is the cash flow from assets for 2018? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.) Cash flow from assets $ d. If no new debt was issued during the year, what is the cash flow to creditors? What is the cash flow to shareholders? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) Cash flow to creditors $ Cash flow to shareholders $
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