1. A company has paid 150,000 in dividends and raised 100,000 in equity. The interest expense for the year was 10,000 and the long-term debt was 500,000 in the beginning of the year and 480,000 in the end of the year. Compute the firms cash flow from assets.

2. Build an income statements and compute the depreciation expense if sales=34,000; costs=23,000; addition to retained earnings=2,100; dividends paid =915; interest expense=$1,520; tax rate = 40%.

3. The company in problem 2 had total assets in the beginning of the year of 50,000 and at the end of the year it had total assets of 52,000 and it had total liabilities of 28,000 in the beginning of the year and 29,500 at the end of the year. The company in problem 2 also had current liabilities of 14,000 in the beginning of the year and 15,500 at the end of the year. Compute the cash flow from assets for the company