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Stackhouse Industries had the following operating results for 2020: sales = $54,510; cost of goods sold = $37,430; depreciation expense = $5,830; interest expense =
Stackhouse Industries had the following operating results for 2020: sales = $54,510; cost of goods sold = $37,430; depreciation expense = $5,830; interest expense = $1,325; dividends paid = $2,820. At the beginning of the year, net fixed assets were $33,200, current assets were $8,300, and current liabilities were $5,553. At the end of the year, net fixed assets were $42,820, current assets were $9,395, and current liabilities were $5,870. The tax rate was 24 percent. |
a. | What was net income for 2020? (Do not round intermediate calculations.) |
b. | What was the operating cash flow for 2020? (Do not round intermediate calculations.) |
c. | What was the cash flow from assets for 2020? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations.) |
d-1. | If no new debt was issued during the year, what was the cash flow to creditors? (Do not round intermediate calculations.) |
d-2. | If no new debt was issued during the year, what was the cash flow to stockholders? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations.) |
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