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Business, 10.03.2021 01:00 andreimru123123

22. Calculating Cash Flow Blue Diamond Industries had the following operating results for 2017; sales=$44,600; cost of goods sold= $247,500; depreciation expense= $4,630; interest expense= $1,050; dividends paid= $2,275. At the beginning of the year, net fixed assets were $27,510, current assets were $6,840, and current liabilities were $4,580. At the end of the year, net fixed assets were $35,610, current assets were $7,720, and current liabilities were $4,830. The tax rate was 40 percent. a. What was net income for 2017?
b. What was the operating cash flow for 2017?
c. What was the cash flow from assets for 2017? Is this possible? Explain.
d. If no new debt was issued during the year, what was the cash flow to creditors? What was the cash flow to stockholders? Explain and interpret the positive and negative signs of your answers in (a) through (d).

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22. Calculating Cash Flow Blue Diamond Industries had the following operating results for 2017; sale...
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