Question: include all your work please 1- Noxcy trading had the following operating results for 2023: sales =$31,500; cost of goods sold = $22,900; depreciation expense
1- Noxcy trading had the following operating results for 2023: sales =$31,500; cost of goods sold = $22,900; depreciation expense =$4,610; interest expense =$715; dividends paid =$805. At the beginning of the year, net fixed assets were $20,452, current assets were $1,096, and current liabilities were $5,500. At the end of the year, net fixed assets were $22,287, current assets were $5,001, and current liabilities were $3,301. The tax rate for 2023 was 25 percent. a. What is the net income for 2023 ? b. What is the operating cash flow for 2023 ? c. What is the cash flow from assets for 2023 ? d. If no new debt was issued during the year, what is the cash flow to creditors for 2023 ? To calculate cash flow to creditors, subtract the ending long term debt and beginning long term debt from the total interest paid
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