Cusic Industries had the following operating results for 2019: sales = $33,308; cost of goods sold...

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Finance

Cusic Industries had the following operating results for 2019:sales = $33,308; cost of goods sold = $23,722; depreciation expense= $5,897; interest expense = $2,660; dividends paid = $1,906. Atthe beginning of the year, net fixed assets were $19,840, currentassets were $6,984, and current liabilities were $3,932. At the endof the year, net fixed assets were $24,412, current assets were$8,624, and current liabilities were $4,583. 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 not roundintermediate calculations.)
c.

What is the cash flow from assets for 2019? (A negativeanswer should be indicated by a minus sign. Do not roundintermediate calculations.)

d-1.

If no new debt was issued during the year, what is the cash flowto creditors? (Do not round intermediatecalculations.)

d-2.

If no new debt was issued during the year, what is the cash flowto stockholders? (A negative answer should be indicated bya minus sign. Do not round intermediate calculations.)

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Cusic Industries had the following operating results for 2019:sales = $33,308; cost of goods sold = $23,722; depreciation expense= $5,897; interest expense = $2,660; dividends paid = $1,906. Atthe beginning of the year, net fixed assets were $19,840, currentassets were $6,984, and current liabilities were $3,932. At the endof the year, net fixed assets were $24,412, current assets were$8,624, and current liabilities were $4,583. 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 not roundintermediate calculations.)c.What is the cash flow from assets for 2019? (A negativeanswer should be indicated by a minus sign. Do not roundintermediate calculations.)d-1.If no new debt was issued during the year, what is the cash flowto creditors? (Do not round intermediatecalculations.)d-2.If no new debt was issued during the year, what is the cash flowto stockholders? (A negative answer should be indicated bya minus sign. Do not round intermediate calculations.)

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