Question
Titan Football Manufacturing had the following operating results for 2016: sales =$19,850; cost of goods sold =$13,910; depreciation expense =$2,300; interest expense = $310; dividends
Titan Football Manufacturing had the following operating results for 2016: sales =$19,850; cost of goods sold =$13,910; depreciation expense =$2,300; interest expense = $310; dividends paid = $620. At the beginning of the year, net fixed assets were $17,300, current assets were $3,010, and current liabilities were $2,000. At the end of the year, net fixed assets were $20,540, current assets were $3,420, and current liabilities were $2,090. The tax rate for 2016 was 30 percent.
What is net income for 2016?
Net income ??
What is the operating cash flow for 2016?
Operating cash flow??
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