Nanticoke Industries had the following operating results for 2018: sales $29,000; cost of goods sold =...

Nanticoke Industries had the following operating results for 2018: sales $29,000; cost of goods sold = $19,710; depreciation expense = $5,220; interest expense = $2,640; dividends paid = $1,400. At the beginning of the year, net fixed assets were $17,330, current assets were $5,850, and current liabilities were $3,300. At the end of the year, net fixed assets were $20,610, current assets were $7,150, and current liabilities were $3,970. The tax rate for 2018 was 30 %.

a) net income

b) operating cashflow

c) cashflow from assets

d) i. cashflow to creditors ii. cashflow to shareholders

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jeff jeffy answered 1 year ago

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