Test Problems 1

Use the information below to compute the Cash Flow from Assets (2 points per step) and Financial Ratios (2 points per step). (Total 18 points)

	2015	2014
Balance Sheet: Current Assets Current Liabilities Net Fixed Assets Long-Term Debt Common Stock Income Statement/Other: Depreciation Expense EBIT Interest Expense Taxes Net Income Dividends	$ 4,771 1,532 17,107 10,650 7,000 $ 1,611 3,396 1,282 740 1,374 800	$ 6,127 4,194 17,489 9,800 7,500

Calculate the following Cash Flow from Assets Questions:

1. Operating Cash Flow

2. Net Capital Spending

3. Changes in Net Working Capital

show work please