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1. (10 points) Jetson Spacecraft Corp. shows the following information on its 2009 income statement: Statement of Comprehensive Income Sales $196,000 Costs Other expenses Depreciation

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1. (10 points) Jetson Spacecraft Corp. shows the following information on its 2009 income statement: Statement of Comprehensive Income Sales $196,000 Costs Other expenses Depreciation EBIT $104,000 $6,800 $9,100 $76,100 Interest Taxes $14,800 $21,455 Net income $39,845 a. (4pts) If non-cash net working capital increased by $27,000 during the year, calculate firm's cash flow from operating activities. b. I(6pts) In addition, you're told that the firm's cash flow to creditors (bondholders) and cash flow to shareholders were $10,400 and $5,200, respectively. During 2009, there was a no increase or decrease in cash (changes in cash-o). What was the net capital spending? Hint: You have two formulas for cash flow from asset (CFFA)

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