Use the following information for this and the next four questions.
You are given the following for TG Inc. for the last year:
Sales: $26,500
Cost of goods sold: $18,850
Depreciation expense: $2,900
Interest expense: $400
Selling, general, and administrative expense: $250
Dividends paid: $16,000
New debt issued: $500
Beginning Net fixed assets: $12,400
Beginning Current assets: $2,600
Beginning Current liabilities: $2,250
Ending Net fixed assets: $15,250
Ending Current assets: $3,890
Ending Current liabilities: $2,650
Tax rate: 40%
What was its last year's net income?
A. $2,610
B. $4,500
C. $5,910
D. ($730)
E. ($100)
F. $2,460
What was the TG Inc.'s operating cash flow last year?
A. $8,350
B. ($730)
C. $7,400
D. ($100)
E. $5,760
F. $2,610
What was the TG Inc.'s cash flow from assets last year?
A. ($780)
B. ($880)
C. ($100)
D. $5,750
E. $5,910
F. $2,610
What was the TG Inc.'s cash flow to creditors last year?
A. $5,910
B. $5,750
C. ($780)
D. ($100)
E. $2,610
F. ($880)
What was the TG Inc.'s cash flow to stockholders?
A. ($100)
B. $5,750
C. ($880)
D. $2,610
E. ($780)
F. $5,910