Reference no: EM131625152

Cusic Industries had the following operating results for 2015: sales = $30,780; cost of goods sold = $20,110; depreciation expense = $5,540; interest expense = $2,940; dividends paid = $1,800. At the beginning of the year, net fixed assets were $17,390, current assets were $5,930, and current liabilities were $3,500. At the end of the year, net fixed assets were $21,010, current assets were $7,390, and current liabilities were $4,060. The tax rate for 2015 was 30 percent.

a. What was net income for 2015? (Do not round intermediate calculations.)

Net income $

b. What was the operating cash flow for 2015? (Do not round intermediate calculations.)

Operating cash flow $

c. What was the cash flow from assets for 2015? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.)

Cash flow from assets $

d-1. If no new debt was issued during the year, what was 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 was the cash flow to stockholders? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.)

Cash flow to stockholders $