For Year 2016, Precision Masters had sales of $42,900, cost of goods sold of $26,800, depreciation expense of $1,900, interest expense of $1,300, and dividends paid of $1,000.At the beginning of the year, net fixed assets were $14,300, current assets were $8,700, and current liabilities were $6,600.At the end of the year, net fixed assets were $13,900, current assets were $9,200, and current liabilities were $7,400.The tax rate was 34 percent.What is the cash flow from assets for 2016?
A) $9,914
B) $11,114
C) $9,360
D) $10,514
E) $11,970
Correct Answer:
Verified
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