Reference no: EM132998000
Apple Orchards LLC had the following operating results for 2018: sales $29,800; cost of goods sold = $19,960; depreciation expense = $5,420; interest expense = $2,790; dividends paid = $1,650. At the beginning of the year, net fixed assets were $17,510, current assets were $5,900, and current liabilities were $3,425. At the end of the year, net fixed assets were $20,860, current assets were $7,146, and current liabilities were $4,030. The tax rate for 2018 was 30%.
Problem 1: What is the is net income, operating cash flow, and cash flow from assets for 2018.
Problem 2: If no new debt was issued during the year, what is the cash flow to creditors and shareholders?
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