Quarles Industries had the following operating results for 2015 sales $27,660 cost of goods sold $19,310 depreciation expense $4,900 interest expense $2,190 dividends paid $1,000 At the beginning of the year, net fixed assets were $16,530, current assets were $5,770, and current liabilities were $3,270 At the end of the year, net fixed assets were $20,210, current assets were $7,116, and current liabilities were $3,810 The tax rate for 2015 was 35 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 $ 1 66 points uarles Industnes nad the tellawing operating results tor 215 sals cost o goads sod $19310 depreciation expense $4,900, interest oxpense $2 190 dividends paid $1 000 lhe cginning of the yea, nel fxed asscs were 51,530, curerit assels were $5,770, and curet liabiitics were $3,270 At the end of the year, net fixed assets were $20,210, current assels were S7, 116, and unent abilities were $3,810 The tax rate for 2015 was 35 percend a Wnat is net income tor 201 Do not round Intermedlate calculations ) Nel incoe b Wal is lhe uparalig cash ow or 2015 (Do not round intermediate calculations ) Operating cash fiow 972 c Wnat is the cash fiow from assets for 2015 (Do not round intermediate calculatlons Negative amount should be indicated by a minus sign ) Cash fow frcm asssts d 1 If no new debt was issued durin te year, what is the cash flow lo creditors (Do not round intermediate calculations Cash tow to creditors d 2 it no new debt was Issued during the year, what is the cash tlow to stockhokters (Do not round intermediate calculations Negative amount should be indicated by a minus sign Cash flow to stockholders

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Quarles Industries had the following operating results for 2015: sales = $27,660; cost of goods sold = $19,310; depreciation expense = $4,900; interest expense =

Quarles Industries had the following operating results for 2015: sales = $27,660; cost of goods sold = $19,310; depreciation expense = $4,900; interest expense = $2,190; dividends paid = $1,000. At the beginning of the year, net fixed assets were $16,530, current assets were $5,770, and current liabilities were $3,270. At the end of the year, net fixed assets were $20,210, current assets were $7,116, and current liabilities were $3,810. The tax rate for 2015 was 35 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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1.66 points uarles Industnes nad the tellawing operating results tor 215 sals cost o goads sod - $19310: depreciation expense = $4,900, interest oxpense $2.190. dividends paid = $1.000 lhe cginning of the yea, nel fxed asscs were 51,530, curerit assels were $5,770, and curet liabiitics were $3,270. At the end of the year, net fixed assets were $20,210, current assels were S7, 116, and unent abilities were $3,810. The tax rate for 2015 was 35 percend a. Wnat is net income tor 201 Do not round Intermedlate calculations.) Nel incoe b. Wal is lhe uparalig cash ow or 2015 (Do not round intermediate calculations.) Operating cash fiow 972 c. Wnat is the cash fiow from assets for 2015 (Do not round intermediate calculatlons. Negative amount should be indicated by a minus sign.) Cash fow frcm asssts d-1 If no new debt was issued durin te year, what is the cash flow lo creditors? (Do not round intermediate calculations. Cash tow to creditors d-2 it no new debt was Issued during the year, what is the cash tlow to stockhokters (Do not round intermediate calculations. Negative amount should be indicated by a minus sign Cash flow to stockholders