Ch.%202%20practice

Ch.%202%20practice - and current liabilities were $2,260....

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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 11/17/2011 for the course FIN 3100 taught by Professor Gillette during the Fall '08 term at Kennesaw.

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