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Problem 2 - 1 9 Calculating Cash Flows Martinez Industries had the following operating results for 2 0 2 1 : Sales = $ 3
Problem Calculating Cash Flows
Martinez Industries had the following operating results for : Sales $; Cost of goods sold $; Depreciation expense $; Interest expense $; Dividends paid $ At the beginning of the year, net fixed assets were $ current assets were $ and current liabilities were $ At the end of the year, net fixed assets were $ current assets were $ and current liabilities were $ The tax rate was percent.
a What is net income for Do not round intermediate calculations and round your answer to the nearest whole number, eg
b What is the operating cash flow for Do not round intermediate calculations and round your answer to the nearest whole number, eg
c
What is the cash flow from assets for A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, eg
d
If no new debt was issued during the year, what is the cash flow to creditors? Do not round intermediate calculations and round your answer to the nearest whole number, eg
d
If no new debt was issued during the year, what is the cash flow to stockholders? A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, eg
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