Question
Titan Football Manufacturing had the following operating results for 2016: sales = $19,960; cost of goods sold = $13,800; depreciation expense = $2,190; interest expense
Titan Football Manufacturing had the following operating results for 2016: sales = $19,960; cost 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 liabilities 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 for 2016 was 40 percent.
Find:
1. net income 2016
2. operating cash flow
3. cash flow from assets
4. cash flow to creditors
5. cash flow to stock holders
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