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2. During the year, Weiland C0, had sales and cost of goods sold of $600 and $300, respectively. Depreciation was $150, and interest paid was
2. During the year, Weiland C0, had sales and cost of goods sold of $600 and $300, respectively. Depreciation was $150, and interest paid was $30. Taxes were calculated at a straight 34 percent. Dividends were $30. (All figures are in millions of dollars.) a. What was operating cash flow for Weiland? (10pts.) b. Suppose beginning net fixed assets were $500 and ending net fixed assets were $750. What was the net capital spending for the year? (10pts.) c. Suppose Weiland Co. started the year with $2,130 in current assets and $1,620 in current liabilities. The corresponding ending figures were $2,260 and $1,710. What was the change in NWC during the year? (10pts.) d. What was cash flow from assets? (10pts.)
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