170 120 The income statement and balance sheet for AVILA, Inc. are provided below. (Note that the reported figures in the statements are expressed in thousands of dollars.) AVILA, INC. Balance Sheets as of December 31, 2018 and 2019 (in 000s) 2018 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 100 $ 115 Accounts payable $ 75$ 165 Accounts receivable 170 Notes payable 100 120 Inventory 150 Total $ 390 $ 435 Total $175 $ 285 Long-term debt $ 250 $ 290 Owners' equity Common stock $ 190 $ 113 Fixed assets Accumulated retained earnings $ 275 $ Net plant and Total $500 $ 600 equipment $ 465 $ 460 Total assets $ 890 $ 1,035 Total liabilities and owners $ 890 $ 1,035 equity 347 AVILA, INC. 2019 Income Statement fin 000s) Sales Cost of goods sold 900 500 900 AVILA, INC 2019 Income Statement (in 000s) Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes 500 18 1 382 18 364 76 Net income 288 Dividends Retained earnings 216 72 Requirement 1: Determine the cash flow from assets (including the operating cash flow, net capital spending, and change in net working capital). cash flow to creditors, and cash flow to stockholders for AVILA, Inc, for the year 2019. (Express your answers in thousands of dollars. Round your answer to the nearest whole dollar amount (0.9. 32). Negative amounts should be indicated by a minus sign.) Operating Cash Flow Net Capital Spending Change in NWC Cash Flow From Assets Cash Flow to Creditors Cash Flow to Stockholders A Operating Cash Flow Net Capital Spending Change in NWC Cash Flow From Assets Cash Flow to Creditors Cash Flow to Stockholders Requirement 2: Calculate the internal growth rate and the sustainable growth rate for AVILA, Inc. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places (e.g. 32.16).) Internal Growth Rate Sustainable Growth Rate Requirement 3: Explain the difference in the assumptions underlying the internal and sustainable growth rates