= Manala Manufacturing had the following operating results for 2022: sales $32,861; cost of goods sold...
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= Manala Manufacturing had the following operating results for 2022: sales $32,861; cost of goods sold = $23,795; depreciation expense $3,817; Interest expense $565; dividends paid $908. At the beginning of the year, net fixed assets were $21,859, current assets were $3,913, and current liabilities were $3,421. At the end of the year, net fixed assets were $25,286, current assets were $4,819, and current liabilities were $3,279. The tax rate was 24 percent. a. What is net income for 2022? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. b. What is the operating cash flow for 2022? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. c. What is the cash flow from assets for 2022? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. d. Assume no new debt was issued during the year. What is the cash flow to creditors during 2022? What is the cash flow to stockholders? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. a. Net income b. Operating cash flow c. Cash flow from assets d. Cash flow to creditors Cash flow to stockholders = Manala Manufacturing had the following operating results for 2022: sales $32,861; cost of goods sold = $23,795; depreciation expense $3,817; Interest expense $565; dividends paid $908. At the beginning of the year, net fixed assets were $21,859, current assets were $3,913, and current liabilities were $3,421. At the end of the year, net fixed assets were $25,286, current assets were $4,819, and current liabilities were $3,279. The tax rate was 24 percent. a. What is net income for 2022? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. b. What is the operating cash flow for 2022? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. c. What is the cash flow from assets for 2022? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. d. Assume no new debt was issued during the year. What is the cash flow to creditors during 2022? What is the cash flow to stockholders? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. a. Net income b. Operating cash flow c. Cash flow from assets d. Cash flow to creditors Cash flow to stockholders
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Related Book For
Intermediate Accounting Volume 2
ISBN: 9781119497042
12th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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