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Question C & D only Nanticoke Industries had the following operating results for 2018: sales $29,800; cost of goods sold = $19,960; depreciation expense =
Question C & D only
Nanticoke Industries had the following operating results for 2018: sales $29,800; cost of goods sold = $19,960; depreciation expense = $5,420; interest expense = $2,790; dividends paid = $1,650. At the beginning of the year, net fixed assets were $17,510, current assets were $5,900, and current liabilities were $3,425. At the end of the year, net fixed assets were $20,860, current assets were $7,146, and current liabilities were $4,030. The tax rate for 2018 was 30 %. a. What is net income for 2018? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) Net income $ 1141 b. What is the operating cash flow for 2018? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) Operating cash flow c. What is the cash flow from assets for 2018? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.) Cash flow from assets $ 9351 $70.00 x d. If no new debt was issued during the year, what is the cash flow to creditors? What is the cash flow to shareholders? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) Cash flow to creditors Cash flow to shareholders $ 2790 $ -2720 xStep by Step Solution
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