Reference no: EM132667566

Cardinal Industries had the following operating results for 2018:

Sales = $34,823; Cost of goods sold = $24,457; Depreciation expense = $6,047; Interest expense = $2,735; Dividends paid = $2,041. At the beginning of the year, net fixed assets were $19,990, current assets were $7,089, and current liabilities were $4,022. At the end of the year, net fixed assets were $24,547, current assets were $8,714, and current liabilities were $4,718. The tax rate for 2018 was 22 percent.

Problem 1: What is net income for 2018? (Do not round intermediate calculations.)

Problem 2: What is the operating cash flow for 2018? (Do not round intermediate calculations.)

Problem 3: What is the cash flow from assets for 2018? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.)

Problem 4: If no new debt was issued during the year, what is the cash flow to creditors? (Do not round intermediate calculations.)

Problem 1: If no new debt was issued during the year, what is the cash flow to stockholders? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.)