Manaia Manufacturing had the following operating results for 2022 sales = $30,474; cost of goods sold...

 

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Manaia Manufacturing had the following operating results for 2022 sales = $30,474; cost of goods sold = $21,848; depreciation expense = $3.554; interest expense = $574; dividends paid = $873. At the beginning of the year, net fixed assets were $20,220, current assets were $2,501, and current liabilities were $4,442. At the end of the year, net fixed assets were $23,167, current assets were $4,513, and current liabilities were $3.173. The tax rate for 2022 was 22 percent. a. What is net income for 2022? b. What is the operating cash flow for 2022? c. What is the cash flow from assets for 20227 d. If no new debt was issued during the year, what is the cash flow to creditors for 2022? e. Assume no new debt was issued during the year. What is the cash flow to stockholders for 2022? Manaia Manufacturing had the following operating results for 2022 sales = $30,474; cost of goods sold = $21,848; depreciation expense = $3.554; interest expense = $574; dividends paid = $873. At the beginning of the year, net fixed assets were $20,220, current assets were $2,501, and current liabilities were $4,442. At the end of the year, net fixed assets were $23,167, current assets were $4,513, and current liabilities were $3.173. The tax rate for 2022 was 22 percent. a. What is net income for 2022? b. What is the operating cash flow for 2022? c. What is the cash flow from assets for 20227 d. If no new debt was issued during the year, what is the cash flow to creditors for 2022? e. Assume no new debt was issued during the year. What is the cash flow to stockholders for 2022?

Answer rating: 100% (QA)

Lets calculate the various financial metrics for Manala Manufacturing for 2022 a Net Income for 2022 ... View the full answer