Question: 5. Cash Flow From Assets (CFFA) Problem: Calculate each step of the cash flow from assets based on the following information. Use the examples in

5. Cash Flow From Assets (CFFA) Problem: Calculate each step of the cash flow from assets based on the following information. Use the examples in the presentation as a guide. Working Capital Accounts: 2015: Current Assets = $4,400; Current Liabilities = $1,500 2014: Current Assets = $3,500; Current Liabilities = $1,200 Fixed Assets and Depreciation: 2015: Net Fixed Assets = $3,400 2014: Net Fixed Assets = $3,100 Depreciation Expense = $400 Long-Term Debt and Equity: 2015: Long-Term Debt = $4,000; Common Stock = $400 2014: Long-Term Debt = $3,950; Common Stock = $400 Income Statement: EBIT = $2,000 Taxes = $300 Interest Expense = $350 Dividends = $500
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