Solved by verified expert :You are given the following for TG Inc. for the last year:Sales$ 26,500Cost of goods sold18,850Depreciation expense2,900Interest expense400Dividends paid16,000New debt issued500Beginning Net fixed assets$ 12,400Beginning Current assets2,600Beginning Current liabilities2,250Ending Net fixed assets$ 15,250Ending Current assets3,890Ending Current liabilities2,650Tax rate40%Questions:Assuming G&A is zero, what was its last year’s net income?What was the TG Inc.’s operating cash flow last year?What was the TG Inc.’s cash flow from assets last year?What was the TG Inc.’s cash flow to creditors last year?What was the TG Inc.’s cash flow to stockholders?
