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Nanticoke Industries had the following operating results for 2020 : sales $28,260; cost of goods sold = $19,410, depreciation expense =$4,980; interest expense =$2,340; dividends
Nanticoke Industries had the following operating results for 2020 : sales $28,260; cost of goods sold = $19,410, depreciation expense =$4,980; interest expense =$2,340; dividends paid =$1,100. At the beginning of the year, net assets were $16,830, current assets were $5,790, and current liabilities were $3,240. At the end of the year, net fixed assets were $20,310, current assets were $7,116, and current liabilities were $3,870. The tax rate for 2020 was 30%. 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 If no new debt was issued during the year, what is the cash flow to creditors? What is the cash flow hareholders? (Neaative answers should be indicated bv a minus sian. Omit $ sian in vour resoons
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