15. For the given Income Statement and Balance Sheets for MacGregor Manufacturing Inc., what was Operating Cash Flow for 2015? What were Capital Expenditures for 2015? What was the Change in Net Operating Working Capital for 2015? So, Free Cash Flow for 2015 was _______.

MacGregor Manufacturing Inc. ($Millions)

2014 2015

Sales $ 535.0 $ 715.0

Cost of Goods Sold 291.0 407.0

Gross Margin 244.0 308.0

Depreciation Expense 40.0 45.0

EBIT 204.0 263.0

Interest Expense 25.0 20.0

EBT 179.0 243.0

Income Tax Expense 51.6 73.0

Net Income $ 127.4 $ 170.0

Dividends $ 25.0 $ 30.0

Income Tax Rate 28.8% 30.0%

12/31/14 12/31/15

Cash $ 40.0 $ 55.0

Receivables 45.0 62.0

Inventory 30.0 53.0

Current Assets 115.0 170.0

Gross Fixed Assets 340.0 440.0

Accumulated Depreciation ( 100.0) ( 145.0)

Net Fixed Assets 240.0 295.0

Total Assets $ 355.0 $ 465.0

Accounts Payable $ 22.0 $ 25.0

Accrued Expenses 10.0 12.0

Notes Payable 30.0 45.0

Current Liabilities 62.0 82.0

Long-Term Debt 80.0 20.0

Capital Stock + Paid-In Cap. 40.0 50.0

Retained Earnings 173.0 313.0

Total Liabilities and Equity $ 355.0 $ 465.0

A) $185.2; $100; $35; $50.2

B) $229.1; $100; $50; $79.1

C) $229.1; $100; $35; $94.1

D) $421.7; $ 78; $35; $187.9