Titan Football Manufacturing had he following operating results for 2014: sales=23,730, cost of goods sold= 16,780, depreciation expense=2,840, interet expense=414, dividends paid =616, At the begining of the year, net fixed asset were 16,560, current assets were 2,940, and current liabilities were 2,592. At the end of the year, net fixed assets were 18,840, current assets were 3,528 and current liabilities were 2,484. The tax rate for 2014 was 35 percent
A .What is the net income for 2014
B. What is the operating cash flow for 2014
C. What is the cash flow from assets for 2014?
D. If no new debt was issued during the year, what is the cash flow to creditors? What is the cash flow to stockholders?
Solution is attached. Glad to help.
Gross Profit 6,950
Income before Taxes 3,696
Net Income 2,402
EBIT 4,110 ...
Solution shows step by step calculations for cash flow from assets, cash flow to creditors and cash flow to stockholders.