Problem 2-22 Calculating Cash Flows

Blue Diamond Industries had the following operating results for 2017: sales = $27,360; cost of goods sold = $19,260; depreciation expense = $4,860; interest expense = $2,190; dividends paid = $1,560. At the beginning of the year, net fixed assets were $16,380, current assets were $5,760, and current liabilities were $3,240. At the end of the year, net fixed assets were $20,160, current assets were $7,116, and current liabilities were $3,780. The tax rate was 34 percent. a. What was net income for 2017? (Do not round intermediate calculations.) Net income $ b. What was the operating cash flow for 2017? (Do not round intermediate calculations.) Operating cash flow $ c. What was the cash flow from assets for 2017? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) Cash flow from assets $ d-1 If no new debt was issued during the year, what was the cash flow to creditors? (Do not round intermediate calculations.) Cash flow to creditors $ d-2 If no new debt was issued during the year, what was the cash flow to stockholders? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) Cash flow to stockholders $

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