Reference no: EM133372322
Question: Nanticoke Industries had the following operating results for 2020: Sales: $22,800 - Costs of goods sold: $16,050 - Depreciation: $4,050 - Interest expense: $1,830 - Dividends paid: $1,300 - At the beginning of the year, net assets were $13,650, current assets were $4,800, and current liabilities were $2,700. At the end of the year, net assets were $16,800, current assets were $5,930, and current liabilities were $3, 150. - The tax rate was 34%.
a) What is net income for 2020?
b) What is the operating cash flow for 2020?
c) What is the cash flow from assets for 2020? Is this possible? Explain.
d) If now new debt was issued during the year, what is the cash flow to creditors? What is the cash flow to shareholders? Explain and interpret the positive and negative signs of your answers in (a) through
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