What was the cash flow from assets

Reference no: EM132001518

Question: Mitchell Industries had the following operating results for 2014: sales = $29,500; cost of goods sold = $19,760; depreciation expense = $5,260; interest expense = $2,640; dividends paid = $1,450. At the beginning of the year, net fixed assets were $17,080, current assets were $5,860, and current liabilities were $3,325. At the end of the year, net fixed assets were $20,660, current assets were $7,300, and current liabilities were $3,980. The tax rate for 2014 was 35 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: EM132001518

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