Find net income and cash flow from assets

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Reference no: EM131835991

Storm Industries then had the following operating results for 2015:

Sales: 30,450

COGS: 20,150

Depreciation: 4,910

Interest expense: 2,220

Tax rate: 34%

Dividends paid: 1,560

Storm had the following balance sheet readings:

1/1/2015 12/31/2015

Current Assets: 7,116 7,500

Current Liabilities: 3,780 4,780

Net Fixed Assets: 20,160 15,250

Given the financial statements information above, find:

Net Income for 2015

Cash Flow from Assets (CFFA) for 2015

Reference no: EM131835991

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