Question
Quarles Industries had the following operating results for 2015: sales = $28,260; cost of goods sold = $19,410; depreciation expense = $4,980; interest expense =
Quarles Industries had the following operating results for 2015: sales = $28,260; cost of goods sold = $19,410; depreciation expense = $4,980; interest expense = $2,340; dividends paid = $1,100. At the beginning of the year, net fixed assets were $16,830, current assets were $5,790, and current liabilities were $3,240. At the end of the year, net fixed assets were $20,310, current assets were $7,116, and current liabilities were $3,870. The tax rate for 2015 was 30 percent.
a. | What is net income for 2015? (Do not round intermediate calculations.) |
Net income | $ |
b. | What is the operating cash flow for 2015? (Do not round intermediate calculations.) |
Operating cash flow | $ |
c. | What is the cash flow from assets for 2015? (Do not round intermediate calculations. Negative amount should be indicated by a minus sign.) |
Cash flow from assets | $ |
d-1 | If no new debt was issued during the year, what is 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 is the cash flow to stockholders? (Do not round intermediate calculations. Negative amount should be indicated by a minus sign.) |
Cash flow to stockholders | $ |
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