1. Bowyer Driving Schools 2014 balance sheet showed net fixed assets of $4.4 million, and the 2015 balance sheet showed net fixed assets of $5.1 million. The companys 2015 income statement showed a depreciation expense of $240,000.What was net capital spending for 2015?

2. The 2014 balance sheet of Sugarpovas Tennis Shop, Inc., showed long-term debt of $5.5 million, and the 2015 balance sheet showed long-term debt of $5.9 million. The 2015 income statement showed an interest expense of $135,000. What was the firms cash flow to creditors during 2015?

3. Billys Exterminators, Inc., has sales of $746,000, costs of $300,000, depreciation expense of $52,000, interest expense of $36,000, and a tax rate of 35 percent. What is the net income for this firm?

4. The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed long-term debt of $6.3 million, and the 2015 balance sheet showed long-term debt of $6.5 million. The 2015 income statement showed an interest expense of $220,000. During 2015, the company had a cash flow to creditors of $20,000 and the cash flow to stockholders for the year was $75,000. Suppose you also know that the firms net capital spending for 2015 was $1,480,000, and that the firm reduced its net working capital investment by $91,000.What was the firms 2015 operating cash flow, or OCF?

5. Braam Fire Prevention Corp. has a profit margin of 9.70 percent, total asset turnover of 1.42, and ROE of 18.61 percent. What is its firm's debt-equity ratio?

6. Based only on the following information for Bennington Corp., did cash go up or down? By how much?

Decrease in inventory	$510
Decrease in accounts payable	160
Increase in notes payable	740
Increase in accounts receivable	210