Reference no: EM132717170
Question - 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.
Required -
a. What is net income for 2018?
b. What is the operating cash flow for 2018?
c. What is the cash flow from assets for 2018?
d-1. If no new debt was issued during the year, what is the cash flow to creditors?
d-2. If no new debt was issued during the year, what is the cash flow to stockholders?