Reference no: EM132031435
Titan Football Manufacturing had the following operating results for 2016: sales = $19,800; cost of goods sold = $13,960; depreciation expense = $2,350; interest expense = $335; dividends paid = $570. At the beginning of the year, net fixed assets were $14,800, current assets were $2,960, and current liabilities were $2,050.
At the end of the year, net fixed assets were $17,540, current assets were $3,320, and current liabilities were $2,140. The tax rate for 2016 was 40 percent.
a. What is net income for 2016?
Net income $
b. What is the operating cash flow for 2016?
Operating cash flow $
c. What is the cash flow from assets for 2016?
Cash flow from assets $
Assume no new debt was issued during the year.
d. What is the cash flow to creditors for 2016?
Cash flow to creditors $
e. What is the cash flow to stockholders for 2016?
Cash flow to stockholders $
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