Whistler Ski Resorts Inc. had the following operating results for 2018: sales $30,060; cost of goods...

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Whistler Ski Resorts Inc. had the following operating results for 2018: sales $30,060; cost of goods sold = $20,010; depreciation expense = $5,460; Interest expense-$2.940; dividends paid = $1,700. At the beginning of the year, net fixed assets were $17.260. current assets were $5,910, and current liabilities were $3,450. At the end of the year, net fixed assets were $20,910, current assets were $7,390, and current liabilities were $4,040. The tax rate for 2018 was 30 %. a. What is net income for 2018? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) Net income b. What is the operating cash flow for 2018? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) Operating cash flow $ c. What is the cash flow from assets for 2018? (Negative answer should be indicated by a minus sign. Omit S sign in your response.) Cash flow from assets d. If no new debt was issued during the year, what is the cash flow to creditors? What is the cash flow to shareholders? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) Cash flow to creditors Cash flow to shareholders $ Whistler Ski Resorts Inc. had the following operating results for 2018: sales $30,060; cost of goods sold = $20,010; depreciation expense = $5,460; Interest expense-$2.940; dividends paid = $1,700. At the beginning of the year, net fixed assets were $17.260. current assets were $5,910, and current liabilities were $3,450. At the end of the year, net fixed assets were $20,910, current assets were $7,390, and current liabilities were $4,040. The tax rate for 2018 was 30 %. a. What is net income for 2018? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) Net income b. What is the operating cash flow for 2018? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) Operating cash flow $ c. What is the cash flow from assets for 2018? (Negative answer should be indicated by a minus sign. Omit S sign in your response.) Cash flow from assets d. If no new debt was issued during the year, what is the cash flow to creditors? What is the cash flow to shareholders? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) Cash flow to creditors Cash flow to shareholders $

Answer rating: 100% (QA)

SOLUTION a Net income for 2018 can be calculated as follows Net sales 30060 Cost of goods sold 20010 Gross profit 10050 Depreciation expense 5460 Inte... View the full answer