21. (102) Netico Industries had the following operating terke for 2018: sales 22,800 cost of...
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21. (102) Netico Industries had the following operating terke for 2018: sales 22,800 cost of goods sold = $16,050, depression expense = $4,050, interest expense = $1,830, dividends paid = $1,300. At the beginn ag of the year, net assets were $19.650, current assets were $4,800, and current liabilities were $2,700. At the end of the year, nct fixed assets were $16.00, current assets were $5,930, and Current liabilities were $3,150. The tax rate for 2018 was 34% a. What is net income for 2018? b. What is the operating cash flow for 2018? What is the cash flow from assets for 2018? Is this possible? Explain Use the following information for Clarington Inc. for G Problem. 21 me te rae 34 Une borsation for Clarington Inc. for Probleme 24 (349) 311,573 $12,936 1,736 1,651 3.979 4.707 946 224 776 926 6,067 6,466 3,034 9.427 1,171 1,147 20.320 24.696 50,558 54,273 4,354 4,644 14,283 15:23 Lovestors 411 2,5 Dividends 13 GB Accounts receivable 8,034 9.427 Short-term potes payable 1,171 Long-term debt 20,320 24.696 Nec fixed assets 50,888 54.273 Accounts payable 4,384 4,644 Inventory 14,283 15.288 Dividends 1,411 1.618 24. Fancial Statements (L01) Draw up a statement of comprehensive income and statement of financial position for this company for 2017 and 2018



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