Question
Nanticoke Industries had the following operating results for 2020: sales $27,360, cost of goods sold $19.260, depreciation e $4,860; interest expense = $2,190; dividends pald
Nanticoke Industries had the following operating results for 2020: sales $27,360, cost of goods sold $19.260, depreciation e $4,860; interest expense = $2,190; dividends pald = $1,560. At the beginning of the year, net assets were $16.220, curent were $5,760, and current liabilities were $3,240. At the end of the year, net fixed assets were $..ssets were Sa current liabilities were $3,780. The tax rate for 2020 was 34%. a. What is net income for 2020? (Negative answer should be indicated by a minus sign. Omit sign in your sponse) Net income b. What is the operating cash flow for 2020? (Negative answer should be indicated by a minus sign Oinke$ sign in your r Operating cash flow $ c. What is the cash flow from assets for 2020? (Negative answer should be indicated by a minus sign. Omit S 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? (New answers should be indicated by a minus sign. Omit $ sign in your response.) Cash flow to creditors Cash flow Search $ ( ENG IN
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