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Nanticoke Industries had the following operating results for 2020 : sales ( $ 27,660 ); cost of goods sold ( =$ 19,310 ); depreciation expense

image text in transcribed Nanticoke Industries had the following operating results for 2020 : sales \\( \\$ 27,660 \\); cost of goods sold \\( =\\$ 19,310 \\); depreciation expense \\( = \\) \\( \\$ 4,900 \\); interest expense \\( =\\$ 2,190 \\); dividends paid \\( =\\$ 1,000 \\). At the beginning of the year, net assets were \\( \\$ 16,530 \\), current assets were \\( \\$ 5,770 \\), and current liabilities were \\( \\$ 3,270 \\). At the end of the year, net fixed assets were \\( \\$ 20,210 \\), current assets were \\( \\$ 7,116 \\), and current liabilities were \\( \\$ 3,810 \\). The tax rate for 2020 was \35. a. What is net income for 2020 ? (Negative answer should be indicated by a minus sign. Omit \\$ sign in your response.) Net income b. What is the operating cash flow for 2020 ? (Negative answer should be indicated by a minus sign. Omit \\( \\$ \\) sign in your response.) Operating cash flow \\( \\$ \\) c. What is the cash flow from assets for 2020 ? (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.)

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