Question
Nanticoke industries had the following operating results for 2018 sales $28260 cost of goods sold=$19410 depreciation expense= $4980 interest expense= $2340 dividend paid= $1100 .At
Nanticoke industries had the following operating results for 2018 sales $28260 cost of goods sold=$19410 depreciation expense= $4980 interest expense= $2340 dividend paid= $1100 .At the beginning of the year net fixed assets were $16830 current assets were $5790 and current liabilities were $3240.at the end of the year net fixed assets were $20310 current assets were $7116 and current liabilities were $3870. the tax rate for 2018 was 30%.what is net income,operating cash flow,cash flow from assets for 2018. and if no new debt was issued during the year what is the cash flow to creditors and shareholders ?
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