Question
Problem 19 Calculating Cash Flows : Manaia Manufacturing had the following operating results for 2022: Sales= $32,861 Cost of goods sold = $23795 Depreciation expense
Problem 19 Calculating Cash Flows:
Manaia Manufacturing had the following operating results for 2022:
Sales= $32,861
Cost of goods sold = $23795
Depreciation expense = $3,817
Interest expense = $565
Dividends paid = $908
At the beginning of the year, net fixed assets were $21,859, current assets were $3,913, and current liabilities were $3,421. At the end of the year, net fixed assets, were $25,286, current assets were $4,819, and current liabilities were $3,279. The tax rate was 24 percent.
What is the net income for 2022?
What is the operating cash flow for 2022
What is the cash flow from assets for 2022, Is this possible? Explain.
If no new debt was issued during the year, what is the cash flow to creditors? What is the cash flow to stockholders? Explain and interpret the positive and negative signs of your answers in part (a) and (d).
PLEASE SHOW ALL WORK!!!!! thank you!!
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