Cabot Trail Resorts Inc. had the following operating results for 2018: 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 2018 was 30 %. a. What is net income for 2018? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) Net income b. What is the operating cash flow for 2018? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) Operating cash flow 24 e. What is the cash flow from assets for 2018? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.) Cash flow from assets d. If no new debt was issued during the year, what is the cash fiow to creditors? What is the cash flow to sharehoiders? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) Cash flow to ereditors Cash flow to shareholdern
Cabot Trail Resorts Inc. had the following operating results for 2018: 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 2018 was 30 %. a. What is net income for 2018? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) Net income b. What is the operating cash flow for 2018? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) Operating cash flow 24 e. What is the cash flow from assets for 2018? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.) Cash flow from assets d. If no new debt was issued during the year, what is the cash fiow to creditors? What is the cash flow to sharehoiders? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) Cash flow to ereditors Cash flow to shareholdern
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I need the answer as soon as possible
![Cabot Trail Resorts Inc. had the following operating results for 2018: 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 2018 was 30 %.
a. What is net income for 2018? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.)
Net income
b. What is the operating cash flow for 20187 (Negative answers should be indicated by a minus sign. Omit $ sign in your response.)
Operating cash flow
24
e. What is the cash flow from assets for 2018? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.)
Cash flow from assets
d. If no new debt was issued during the year, what is the cash fiow to creditors? What is the cash flow to sharehoiders? (Negative
answers should be indicated by a minus sign. Omit $ sign in your response.)
Cash flow to ereditors
Cash flow to shareholders](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F69f6d56d-efc7-4a73-96b9-e78431fdb30f%2F00377f85-f410-43d4-81e2-9f1a53f441a5%2Fhnxqz5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Cabot Trail Resorts Inc. had the following operating results for 2018: 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 2018 was 30 %.
a. What is net income for 2018? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.)
Net income
b. What is the operating cash flow for 20187 (Negative answers should be indicated by a minus sign. Omit $ sign in your response.)
Operating cash flow
24
e. What is the cash flow from assets for 2018? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.)
Cash flow from assets
d. If no new debt was issued during the year, what is the cash fiow to creditors? What is the cash flow to sharehoiders? (Negative
answers should be indicated by a minus sign. Omit $ sign in your response.)
Cash flow to ereditors
Cash flow to shareholders
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