Titan Football Manufacturing had the following operating results for 2013: sales = $19,780; cost of goods sold = $13,980; depreciation expense = $2,370; interest expense = $345; dividends paid = $550. At the beginning of the year, net fixed assets were $13,800, current assets were $2,940, current liabilities were $2,070, and long-term debt was $4,170. At the end of the year, net fixed assets were $16,340, current assets were $3,280, current liabilities were $2,160, and long-term debt was $4,450. The tax rate for 2013 was 35 percent.
How much did the company raise in the form of net new equity during 2013?
A -$1,134.33
B $1,724.00
C $1,054.75
D -$1,345.25
E $6,781.45
What is the cash flow from assets during 2013?
A -$ 688.25
B -$ 809.00
C $ 688.00
D $4,572.65
E -$ 439.74