Cusic Industries had the following operating results for 2019: sales = $34,419; cost of goods sold =...

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Cusic Industries hadthe following operating results for 2019: sales = $34,419; cost ofgoods sold = $24,261; depreciation expense = $6,007; interestexpense = $2,715; dividends paid = $2,005. At the beginning of theyear, net fixed assets were $19,950, current assets were $7,061,and current liabilities were $3,998. At the end of the year, netfixed assets were $24,511, current assets were $8,690, and currentliabilities were $4,682. The tax rate was 23 percent.

a. What is netincome for 2019? (Do not round intermediatecalculations.)
b. What is theoperating cash flow for 2019? (Do not round intermediatecalculations.)
c.
What is the cash flowfrom assets for 2019? (A negative answer should beindicated by a minus sign. Do not round intermediatecalculations.)
d-1.
If no new debt wasissued during the year, what is the cash flow to creditors?(Do not round intermediate calculations.)
d-2.
If no new debt wasissued during the year, what is the cash flow to stockholders?(A negative answer should be indicated by a minus sign. Donot round intermediate calculations.)
PLEASE SHOWWORK, THANK YOU!!!

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4.5 Ratings (924 Votes)

Answer to RequirementbOperating Cash Flow OCF EBIT Depreciation TaxesOperating Cash Flow OCF 4151 6007 33028Operating Cash Flow OCF 982772 or9828Answer to RequirementcCash Flow from See Answer

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Cusic Industries hadthe following operating results for 2019: sales = $34,419; cost ofgoods sold = $24,261; depreciation expense = $6,007; interestexpense = $2,715; dividends paid = $2,005. At the beginning of theyear, net fixed assets were $19,950, current assets were $7,061,and current liabilities were $3,998. At the end of the year, netfixed assets were $24,511, current assets were $8,690, and currentliabilities were $4,682. The tax rate was 23 percent. a.What is netincome for 2019? (Do not round intermediatecalculations.)b.What is theoperating cash flow for 2019? (Do not round intermediatecalculations.)c.What is the cash flowfrom assets for 2019? (A negative answer should beindicated by a minus sign. Do not round intermediatecalculations.)d-1.If no new debt wasissued during the year, what is the cash flow to creditors?(Do not round intermediate calculations.)d-2.If no new debt wasissued during the year, what is the cash flow to stockholders?(A negative answer should be indicated by a minus sign. Donot round intermediate calculations.)PLEASE SHOWWORK, THANK YOU!!!