9. Current 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 (Retained Earnings not given)

2015: Long-term Debt = 4,000; Common stock & Additional paid in capital = 400

2014: Long-term Debt = 3,950; Common stock & Additional paid in capital = 400

Income Statement

Earnings Before Interest and Taxes= 2,000; Taxes = 300

Interest Expense = 350; Dividends = 500

Use the information above to calculate (15 points)

a) Operating cash flow

b) Net capital spending

c) Changes in net working capital

d) Cash flow to creditors

e) Cash flow to stockholders

f) Cash flow from assets