Calculating Cash Flows Consider the following abbreviated financial statements for Weston Enterprises:

b. What is the change in net working capital for 2007?

c. In 2007, Weston Enterprises purchased $1,500 in new fixed assets. How much in fixed assets did Weston Enterprises sell? What is the cash flow from assets for the year? (The tax rate is 35 percent.)

d. During 2007, Weston Enterprises raised $300 in new long-term debt. How much longterm debt must Weston Enterprises have paid off during the year? What is the cash flow to creditors?
Use the following information for Ingersoll, Inc., for Problems 23 and 24 (assume the tax rate is 34 percent):
2006 2007 Sales $ 4,018 $ 4,312 Depreciation 577 578 Cost of goods sold 1,382 1,569 Other expenses 328 274 Interest 269 309 Cash 2,107 2,155 Accounts receivable 2,789 3,142 Short-term notes payable 407 382 Long-term debt 7,056 8,232 Net fixed assets 17,669 18,091 Accounts payable 2,213 2,146 Inventory 4,959 5,096 Dividends 490 539 LO.1