Cusic Industries had the following operating results for 2019: sales = $33,813; cost of goods sold...

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Cusic Industries had the following operating results for 2019:sales = $33,813; cost of goods sold = $23,967; depreciation expense= $5,947; interest expense = $2,685; dividends paid = $1,951. Atthe beginning of the year, net fixed assets were $19,890, currentassets were $7,019, and current liabilities were $3,962. At the endof the year, net fixed assets were $24,457, current assets were$8,654, and current liabilities were $4,628. The tax rate was 22percent. a. What is net income for 2019? (Do not round intermediatecalculations.) b. What is the operating cash flow for 2019? (Do notround intermediate calculations.) c. What is the cash flow fromassets for 2019? (A negative answer should be indicated by a minussign. Do not round intermediate calculations.) d-1. If no new debtwas issued during the year, what is the cash flow to creditors? (Donot round intermediate calculations.) d-2. If no new debt wasissued during the year, what is the cash flow to stockholders? (Anegative answer should be indicated by a minus sign. Do not roundintermediate calculations.)

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Answer a EBIT Sales Costs of Goods Sold Depreciation EBIT 33813 23967 5947 EBIT 3899 EBT EBIT Interest Paid EBT 3899 2685 EBT 1214 Taxes EBT Tax Rate Taxes 1214 22 Taxes 267 Net Income EBT Taxes Net Income 1214 267 Net Income 947 Answer b See Answer

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Cusic Industries had the following operating results for 2019:sales = $33,813; cost of goods sold = $23,967; depreciation expense= $5,947; interest expense = $2,685; dividends paid = $1,951. Atthe beginning of the year, net fixed assets were $19,890, currentassets were $7,019, and current liabilities were $3,962. At the endof the year, net fixed assets were $24,457, current assets were$8,654, and current liabilities were $4,628. The tax rate was 22percent. a. What is net income for 2019? (Do not round intermediatecalculations.) b. What is the operating cash flow for 2019? (Do notround intermediate calculations.) c. What is the cash flow fromassets for 2019? (A negative answer should be indicated by a minussign. Do not round intermediate calculations.) d-1. If no new debtwas issued during the year, what is the cash flow to creditors? (Donot round intermediate calculations.) d-2. If no new debt wasissued during the year, what is the cash flow to stockholders? (Anegative answer should be indicated by a minus sign. Do not roundintermediate calculations.)