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  1. business
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  3. quarles industries had the following operating res

Quarles Industries had the following operating results for 2015: sales = $30,420; cost of goods...

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Accounting

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Quarles Industries had the following operating results for 2015: sales = $30,420; cost of goods sold = $20,060; depreciation expense = $5,500; interest expense = $2,940; dividends paid = $1,750. At the beginning of the year, net fixed assets were $17,410, current assets were $5,920, and current liabilities were $3,475. At the end of the year, net fixed assets were $20,960, current assets were $7,390, and current liabilities were $4,050. The tax rate for 2015 was 30 percent a. What is net income for 2015? (Do not round intermediate calculations.) Net income $ b. What is the operating cash flow for 2015? (Do not round intermediate calculations.) Operating cash flow $ c. What is the cash flow from assets for 2015? (Do not round intermediate calculations. Negative amount should be indicated by a minus sign.) Cash flow from assets $ d-1 If no new debt was issued during the year, what is the cash flow to creditors? (Do not round intermediate calculations.) Cash flow to creditors d-2 If no new debt was issued during the year, what is the cash flow to stockholders? (Do not round intermediate calculations. Negative amount should be indicated by a minus sign.) Cash flow to stockholders S

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