4 You have compiled the following information for your firm: Current assets Current liabilities Net fixed...

 

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4 You have compiled the following information for your firm: Current assets Current liabilities Net fixed assets Long-term debt Sales Interest paid Cost of goods sold Depreciation 2020. 1,451 367 3,780 1,455 $4,227 121 2,012 432 2021 1,456 380 3,819 1,298 $3,011 80 2,462 463 The tax rate is 35%. For the year 2021, what were net income (NI), operating cash flow, and cash flow from assets? 4 You have compiled the following information for your firm: Current assets Current liabilities Net fixed assets Long-term debt Sales Interest paid Cost of goods sold Depreciation 2020. 1,451 367 3,780 1,455 $4,227 121 2,012 432 2021 1,456 380 3,819 1,298 $3,011 80 2,462 463 The tax rate is 35%. For the year 2021, what were net income (NI), operating cash flow, and cash flow from assets?

Answer rating: 100% (QA)

SOLUTION We can use the following formulas to calculate net income NI operating cash flow OCF and ca... View the full answer