Question
Titan Football Manufacturing had the following operating results for 2014: sales = $23,730; cost of goods sold = $16,780; depreciation expense = $2,840; interest expense
Titan Football Manufacturing had the following operating results for 2014: sales = $23,730; cost of goods sold = $16,780; depreciation expense = $2,840; interest expense = $414; dividends paid = $616. At the beginning of the year, net fixed assets were $16,560, current assets were $2,940, and current liabilities were $2,592. At the end of the year, net fixed assets were $18,840, current assets were $3,528, and current liabilities were $2,484. The tax rate for 2014 was 35 percent.
Requirement 1: |
What is net income for 2014? (Round your answer to the nearest whole dollar amount (e.g., 32).) |
Net income | $ |
Requirement 2: |
What is the operating cash flow during 2014? (Round your answer to the nearest whole dollar amount (e.g., 32).) |
Operating cash flow | $ |
Requirement 3: |
What is the cash flow from assets during 2014? (Negative amount should be indicated by a minus sign. Round your answer to the nearest whole dollar amount (e.g., 32).) |
Cash flow from assets | $ |
Requirement 4: |
Assume no new debt was issued during the year. |
(a) | What is the cash flow to creditors during 2014? (Round your answer to the nearest whole dollar amount (e.g., 32).) |
Cash flow to creditors | $ |
(b) | What is the cash flow to stockholders during 2014? (Negative amount should be indicated by a minus sign. Round your answer to the nearest whole dollar amount (e.g., 32).) |
Cash flow to stockholders | $ |
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