Question
Titan football manufacturing had the following operating results for 2014: sales = $19,960; costs of goods sold =$13,800; depreciation expense = $2,190 interest expense =
Titan football manufacturing had the following operating results for 2014: sales = $19,960; costs of goods sold =$13,800; depreciation expense = $2,190 interest expense = $255; dividends paid = $730. At the beginning of the year. net fixed assets were $22, 800, current assets were $3,120 and current liabilites were $1,890. At the end of the year, net fixed assets were $27,140, current assets were $3,640, and current liabilities were $1,980. The tax rate fir 2014 was 30 percent.
1. What is the net income for 2014? / 2. What is the operating cash flow during 2014? / 3. What is the cast flow from assets during 2014? 4. Assume no new debt was issued during the year. A. What is the cash flow to creditors during 2014? B. What is the cash flow to stockholders during 2014?
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