What was cash flow to stockholders-operating cash flow

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Reference no: EM131049556

Mitchell Industries had the following operating results for 2014: 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 2014 was 30 percent. a. What was net income for 2014? (Do not round intermediate calculations.) Net income $ b. What was the operating cash flow for 2014? (Do not round intermediate calculations.) Operating cash flow $ c. What was the cash flow from assets for 2014? (Do not round intermediate calculations. Negative amount should be indicated by a minus sign.) Cash flow from assets $ d-1 If no new debt was issued during the year, what was the cash flow to creditors? (Do not round intermediate calculations.) Cash flow to creditors $ d-2 If no new debt was issued during the year, what was the cash flow to stockholders? (Do not round intermediate calculations. Negative amount should be indicated by a minus sign.) Cash flow to stockholders $

Reference no: EM131049556

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What was cash flow to stockholders-operating cash flow : Mitchell Industries had the following operating results for 2014: 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 $1..

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