Calculating Cash Flows (LO2) Nanticoke Industrics had thc following operating results for 2018: sales $22,800; cost...

 

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Calculating Cash Flows (LO2) Nanticoke Industrics had thc following operating results for 2018: sales $22,800; cost of goods sold = $16,050; depreciation expense = $4,050; interest expense = $1,830; dividends paid $13,650, current assets were $4,800, and current liabilitics were $2,700. At the cnd of the year, net fixed assets werc $16,800, current assets were $5,930, and current liabilities were $3,150. The tax rate for 2018 was 34%. %3D %3D $1,300. At the beginning of the year, net asscts were a. What is nct income for 2018? b. What is the operating cash flow for 20182 c. What is the cash flow from assets for 2018? Is this possible? Explain Calculating Cash Flows (LO2) Nanticoke Industrics had thc following operating results for 2018: sales $22,800; cost of goods sold = $16,050; depreciation expense = $4,050; interest expense = $1,830; dividends paid $13,650, current assets were $4,800, and current liabilitics were $2,700. At the cnd of the year, net fixed assets werc $16,800, current assets were $5,930, and current liabilities were $3,150. The tax rate for 2018 was 34%. %3D %3D $1,300. At the beginning of the year, net asscts were a. What is nct income for 2018? b. What is the operating cash flow for 20182 c. What is the cash flow from assets for 2018? Is this possible? Explain