Titan football manufacturing had the following operating results for 2008: sales = $18,450 costs = $13,610 depreciation expense = $2,420 interest expense = $260 dividends = $450. at the beginning of the year: net fixed assets: $12,100 current assets: $3,020 current liabilities: $2,260 at the end of the year: net fixed assets: $12,700 current assets: $4,690 current liabilities: $2,720 the tax rate for 2008 was 35 percent a. what is the net income for 2008? b. what is the operating cash flow for 2008? c. what is the cash flow from assets for 2008? is this possible? explain. d. if no new debt was issued during the year, what is the cash flow to creditors? e. what is the cash flow to stockholders? f. explain and interpret the positive and negative signs of your answers in (a) through (e).
