Reference no: EM132067125
Question: Quarles Industries had the following operating results for 2015: sales = $30,660; cost of goods sold = $20,260; depreciation expense = $5,660; interest expense = $3,090; dividends paid = $1,950. At the beginning of the year, net fixed assets were $17,480, current assets were $5,960, and current liabilities were $3,575. At the end of the year, net fixed assets were $21,160, current assets were $7,180, and current liabilities were $4,100. The tax rate for 2015 was 30 percent.
What is the operating cash flow for 2015?
What is the cash flow from assets for 2015?
If no new debt was issued during the year, what is the cash flow to creditors?
If no new debt was issued during the year, what is the cash flow to stockholders?
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: Quarles Industries had the following operating results for 2015: sales = $30,660; cost of goods sold = $20,260; depreciation expense = $5,660.
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