Ch.2 Practice - and current liabilities were $2,260. At the...

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FIN 3100 Chapter 2 Practice Dr. Lucy Ackert Tennis Supplies of Atlanta had the following operating results for 2009: Sales $18,450 Interest expense $260 Dividends paid $450 Cost of goods sold $13, 610 Depreciation expense $2,420 At the beginning of the year, net fixed assets were $12,100, current assets were $3,020,
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Unformatted text preview: and current liabilities were $2,260. At the end of the year, net fixed assets were $12,700, current assets were $4,690, and current liabilities were $2,720. The tax rate is 35%. a. What was net income for 2009? b. What was operating cash flow? c. What was cash flow from assets? Is this possible?...
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This note was uploaded on 04/06/2011 for the course ACCT 4050 taught by Professor Rodney during the Spring '11 term at University of Georgia Athens.

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