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Nanticoke Industries had the following operating results for 2020: Sales = $30,540; Cost of goods sold = $19,910; Depreciation expense = $5,380; Interest expense =
Nanticoke Industries had the following operating results for 2020:
Sales = $30,540;
Cost of goods sold = $19,910;
Depreciation expense = $5,380;
Interest expense = $2,790;
Dividends paid = $1,600.
At the beginning of the year,
Net fixed assets = $17,360,
Current assets = $5,890,
Current liabilities = $3,400.
At the end of the year,
Net fixed assets = $20,810,
Current assets = $7,750,
Current liabilities = $4,010.
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.)
Cash flow to creditors $
Cash flow to shareholders $
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