What was the cash flow to stockholders

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Reference no: EM131444592

Titan Football Manufacturing had the following operating results for 2015: sales = $19,810; cost of goods sold = $13,950; depreciation expense = $2,340; interest expense = $330; dividends paid = $580. At the beginning of the year, net fixed assets were $15,300, current assets were $2,970, and current liabilities were $2,040. At the end of the year, net fixed assets were $18,140, current assets were $3,340, and current liabilities were $2,130. The tax rate for 2015 was 30 percent. Assume no new debt was issued during the year. What was the cash flow to stockholders during 2015?

Reference no: EM131444592

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