Question: Using the information below to calculate the cash flow from assets (CFFA) and each component of the CFFA, and the cash flow to creditors and
Using the information below to calculate the cash flow from assets (CFFA) and each component of the CFFA, and the cash flow to creditors and cash flow to stockholders in the year of 2019.
| Balance Sheet | |||||||||
| Income Statement | 2018 | 2019 | 2018 | 2019 | 2018 | 2019 | |||
| Cash | $250 | $313 | Accounts Payable | $517 | $951 | ||||
| Sales | $5,831 | $6,423 | Accounts Receivable | 1,092 | 1,162 | Notes Payable | 200 | 100 | |
| COGS | 3,670 | 4,109 | Inventory | 1,495 | 1,521 | ||||
| Depreciation | 125 | 122 | Current Assets | 2,837 | 2,996 | Current Liabilities | 717 | 1051 | |
| EBIT | 2,036 | 2,192 | Long term Debt | 2,400 | 1,100 | ||||
| Interest Expense | 291 | 280 | Net Fixed Assets | 4,006 | 4,123 | Total Liabilities | 3,117 | 2,151 | |
| Tax Income | 1,745 | 1912 | Common Stock | 1,900 | 2,100 | ||||
| Taxes | 590 | 670 | Retained Earnings | 1,826 | 2,868 | ||||
| Net Income | 1,155 | 1,242 | Total Assets | $6,843 | $7,119 | Total Liab. & Eq. | $6,843 | $7,119 | |
Operating Cash Flow EBIT Add: Depreciation Less: Taxes OCF $ 2,192.0 122.0 670.0 $ 1,644.0 Net Capital Spending Ending Net Fixed Assets Less Beginning Net Fixed Assets Add Depreciation Net Capital Spending $ 4,123.0 4,006.0 122.0 $ 239.0 Change in Net Working Capital Ending Net Working Capital Beginning Net Working Capital Change in Net Working Capital $ 1,945.0 2,120.0 $ (175.0) Cash Flow from Assets Cash Flow to Creditors Interest Expense Net New Borrowing Cash Flow to Creditors $ 280.0 (1,300.0) $ 1,580.0 Cash Flow to Stockholders Dividends Paid Net New Equity Raised Cash Flow to Stockholders 200.0 Total Cash Flow to Creditors & Stockholders
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