Cardinal Industries had the following operating results for 2018: Sales = $34,116; Cost of goods sold...
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Cardinal Industries had the following operating results for 2018: Sales = $34,116; Cost of goods sold = $24,114; Depreciation expense = $5,977; Interest expense = $2,700; Dividends paid = $1,978. At the beginning of the year, net fixed assets were $19,920, current assets were $7,040, and current liabilities were $3,980. At the end of the year, net fixed assets were $24,484, current assets were $8,672, and current liabilities were $4,655. The tax rate for 2018 was 25 percent. |
| a. | What is net income for 2018? (Do not round intermediate calculations.) |
| b. | What is the operating cash flow for 2018? (Do not round intermediate calculations.) |
| c. | What is the cash flow from assets for 2018? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) |
| d-1. | If no new debt was issued during the year, what is the cash flow to creditors? (Do not round intermediate calculations.) |
| d-2. | If no new debt was issued during the year, what is the cash flow to stockholders? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) |
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Cardinal Industries had the following operating results for
2018: Sales = $34,116; Cost of goods sold...
Cardinal Industries had the following operating results for 2018: Sales = $34,116; Cost of goods sold...
Cardinal Industries had the following operating results for 2018: Sales = $34,116; Cost of goods sold = $24,114; Depreciation expense = $5,977; Interest expense = $2,700; Dividends paid = $1,978. At the beginning of the year, net fixed assets were $19,920, current assets were $7,040, and current liabilities were $3,980. At the end of the year, net fixed assets were $24,484, current assets were $8,672, and current liabilities were $4,655. The tax rate for 2018 was 25 percent. a. What...
Cardinal Industries had the following operating results for 2018: Sales = $34,015; Cost of goods sold...
Cardinal Industries had the following operating results for 2018: Sales = $34,015; Cost of goods sold = $24,065; Depreciation expense = $5,967; Interest expense = $2,695; Dividends paid = $1,969. At the beginning of the year, net fixed assets were $19,910, current assets were $7,033, and current liabilities were $3,974. At the end of the year, net fixed assets were $24,475, current assets were $8,666, and current liabilities were $4,646. The tax rate for 2018 was 24 percent. a....
Cardinal Industries had the following operating results for 2018: Sales = $33,106; Cost of goods sold...
Cardinal Industries had the following operating results for 2018: Sales = $33,106; Cost of goods sold = $23,624; Depreciation expense = $5,877; Interest expense = $2,650; Dividends paid = $1,888. At the beginning of the year, net fixed assets were $19,820, current assets were $6,970, and current liabilities were $3,920. At the end of the year, net fixed assets were $24,394, current assets were $8,612, and current liabilities were $4,575. The tax rate for 2018 was 22 percent. a. What...
Cardinal Industries had the following operating results for 2018: Sales $34,722; Cost of goods sold $24,408;...
Cardinal Industries had the following operating results for 2018: Sales $34,722; Cost of goods sold $24,408; Depreciation expense $6,037; Interest expense $2,730; Dividends paid $2,032. At the beginning of the year, net fixed assets were $19,980 current assets were $7,082, and current liabilities were $4,016. At the end of the year, net fixed assets were $24,538, current assets were $8,708, and current liabilities were $4,709. The tax rate for 2018 was 21 percent. a. What is net income for 2018?...
Cardinal Industries had the following operating results for 2018: Sales $34,722; Cost of goods sold $24,408;...
Cardinal Industries had the following operating results for 2018: Sales $34,722; Cost of goods sold $24,408; Depreciation expense $6,037; Interest expense $2,730; Dividends paid $2,032. At the beginning of the year, net fixed assets were $19,980 current assets were $7,082, and current liabilities were $4,016. At the end of the year, net fixed assets were $24,538, current assets were $8,708, and current liabilities were $4,709. The tax rate for 2018 was 21 percent. a. What is net income for 2018?...
Cardinal Industries had the following operating results for 2018: Sales $34,621; Cost of goods sold $24,359;...
Cardinal Industries had the following operating results for 2018: Sales $34,621; Cost of goods sold $24,359; Depreciation expense = $6,027; Interest expense $2,725; Dividends paid $2,023. At the beginning of the year, net fixed assets were $19,970, current assets were $7,075, and current liabilities were $4,010. At the end of the year, net fixed assets were $24,529, current assets were $8,702, and current liabilities were $4,700. The tax rate for 2018 was 25 percent. a. What is net income for...
Cardinal Industries had the following operating results for 2018: Sales $34,722; Cost of goods sold $24,408;...
Cardinal Industries had the following operating results for 2018: Sales $34,722; Cost of goods sold $24,408; Depreciation expense $6,037; Interest expense $2,730; Dividends paid $2,032. At the beginning of the year, net fixed assets were $19,980 current assets were $7,082, and current liabilities were $4,016. At the end of the year, net fixed assets were $24,538, current assets were $8,708, and current liabilities were $4,709. The tax rate for 2018 was 21 percent. a. What is net income for 2018?...
Cardinal Industries had the following operating results for 2018: Sales $34,015; Cost of goods sold $24,065;...
Cardinal Industries had the following operating results for 2018: Sales $34,015; Cost of goods sold $24,065; Depreciation expense $5,967; Interest expense $2,695; Dividends paid $1,969. At the beginning c he year, net fixed assets were $19,910 current assets were $7,033, and current liabilities were $3,974. At the end of the year, net fixed assets were $24,475, current assets were $8,666, and current liabilities were $4,646. The tax rate for 2018 was 24 percent. a. What is net income for 2018?...
Cardinal Industries had the following operating results for 2018: Sales $34,621; Cost of goods sold-$24,359; Depreciation...
Cardinal Industries had the following operating results for 2018: Sales $34,621; Cost of goods sold-$24,359; Depreciation expense$6,027; Interest expense$2,725; Dividends paid $2,023. At the beginning of the year, net fixed assets were $19,970, current assets were $7,075, and current liabilities were $4,010. At the end of the year, net fixed assets were $24,529, current assets were $8,702, and current liabilities were $4,700. The tax rate for 2018 was 25 percent. a. What is net income for 2018? (Do not round...
Cardinal Industries had the following operating results for 2018: Sales $33,207: Cost of goods sold $23,673:...
Cardinal Industries had the following operating results for 2018: Sales $33,207: Cost of goods sold $23,673: Depreciation expense - $5,887: Interest expense- $2655 Dividends paid $1,897 At the beginning of the year, net fixed assets were $19.830 current assets were $6.977 and current liabilities were $3,926. At the end of the year net fixed assets $4,574. The tax rate for 2018 was 21 percent re $24,403, current assets were $8,618, and current liabilities were a. What is net income for...
Cardinal Industries had the following operating results for 2018: Sales = $34,116; Cost of goods sold = $24,114; Depreciation expense = $5,977; Interest expense = $2,700; Dividends paid = $1,978. At the beginning of the year, net fixed assets were $19,920, current assets were $7,040, and current liabilities were $3,980. At the end of the year, net fixed assets were $24,484, current assets were $8,672, and current liabilities were $4,655. The tax rate for 2018 was 25 percent. a. What...
Cardinal Industries had the following operating results for 2018: Sales $34,722; Cost of goods sold $24,408; Depreciation expense $6,037; Interest expense $2,730; Dividends paid $2,032. At the beginning of the year, net fixed assets were $19,980 current assets were $7,082, and current liabilities were $4,016. At the end of the year, net fixed assets were $24,538, current assets were $8,708, and current liabilities were $4,709. The tax rate for 2018 was 21 percent. a. What is net income for 2018?...
Cardinal Industries had the following operating results for 2018: Sales $34,722; Cost of goods sold $24,408; Depreciation expense $6,037; Interest expense $2,730; Dividends paid $2,032. At the beginning of the year, net fixed assets were $19,980 current assets were $7,082, and current liabilities were $4,016. At the end of the year, net fixed assets were $24,538, current assets were $8,708, and current liabilities were $4,709. The tax rate for 2018 was 21 percent. a. What is net income for 2018?...
Cardinal Industries had the following operating results for 2018: Sales $34,621; Cost of goods sold $24,359; Depreciation expense = $6,027; Interest expense $2,725; Dividends paid $2,023. At the beginning of the year, net fixed assets were $19,970, current assets were $7,075, and current liabilities were $4,010. At the end of the year, net fixed assets were $24,529, current assets were $8,702, and current liabilities were $4,700. The tax rate for 2018 was 25 percent. a. What is net income for...
Cardinal Industries had the following operating results for 2018: Sales $34,722; Cost of goods sold $24,408; Depreciation expense $6,037; Interest expense $2,730; Dividends paid $2,032. At the beginning of the year, net fixed assets were $19,980 current assets were $7,082, and current liabilities were $4,016. At the end of the year, net fixed assets were $24,538, current assets were $8,708, and current liabilities were $4,709. The tax rate for 2018 was 21 percent. a. What is net income for 2018?...
Cardinal Industries had the following operating results for 2018: Sales $34,015; Cost of goods sold $24,065; Depreciation expense $5,967; Interest expense $2,695; Dividends paid $1,969. At the beginning c he year, net fixed assets were $19,910 current assets were $7,033, and current liabilities were $3,974. At the end of the year, net fixed assets were $24,475, current assets were $8,666, and current liabilities were $4,646. The tax rate for 2018 was 24 percent. a. What is net income for 2018?...
Cardinal Industries had the following operating results for 2018: Sales $34,621; Cost of goods sold-$24,359; Depreciation expense$6,027; Interest expense$2,725; Dividends paid $2,023. At the beginning of the year, net fixed assets were $19,970, current assets were $7,075, and current liabilities were $4,010. At the end of the year, net fixed assets were $24,529, current assets were $8,702, and current liabilities were $4,700. The tax rate for 2018 was 25 percent. a. What is net income for 2018? (Do not round...
Cardinal Industries had the following operating results for 2018: Sales $33,207: Cost of goods sold $23,673: Depreciation expense - $5,887: Interest expense- $2655 Dividends paid $1,897 At the beginning of the year, net fixed assets were $19.830 current assets were $6.977 and current liabilities were $3,926. At the end of the year net fixed assets $4,574. The tax rate for 2018 was 21 percent re $24,403, current assets were $8,618, and current liabilities were a. What is net income for...
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