Question: Current Accounts 2007: CA = $1,500; CL = $1,300 2008: CA = $2,000; CL = $1,700 Fixed Assets and Depreciation 2007: NFA = $3,000; 2008:

Current Accounts

2007: CA = $1,500; CL = $1,300

2008: CA = $2,000; CL = $1,700

Fixed Assets and Depreciation

2007: NFA = $3,000; 2008: NFA = $4,000

Depreciation expense = $300

LT Liabilities and Equity

2007: LTD = $2,200; Common Stock = $500; RE = $500

2008: LTD = $2,800; Common Stock = $750; RE = $750

Income Statement Information

EBIT = $2,700; Interest Expense = $200; Taxes = $1,000; Dividends = $1,250

Find cash flows from assets.

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