2. Calculate the annual cash flow for 2015 based on the following information. (Estimate CAPX as the increase in PP&E plus depreciation.) Income Statement Balance Sheets 2015 70 170 2015 1100 700 100 50 250 50 2014 50 120 130 Cash Accounts receivable Inventory Total current assets 160 300 Revenue COGS Operating expenses Depreciation EBIT Interest expense Pretax Income Tax Net income 400 100 200 Net PPE Total assets 200 400 600 80 120 200 280 60 40 Accounts payable Short-term debt Total current liabilities 240 340 140 150 Long-term debt Total liabilities 380 490 Shareholder's equity 20 110