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2014 Depredation EBT Interest expenses Taxes Cash Accounts receivable Inventory Net fixed assets Accounts payable Notes payable Accruals $21,000 39,000 27,000 22,000 25,000 50,000 1,000

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2014 Depredation EBT Interest expenses Taxes Cash Accounts receivable Inventory Net fixed assets Accounts payable Notes payable Accruals $21,000 39,000 27,000 22,000 25,000 50,000 1,000 2015 33,000 30,000 3,000 8,000 24,000 45,000 30,000 24,00 30,000 40,000 2,000 3. NCAI $6,000 1. OCF. Choose... - 4. FCF Choose... - 2. NFAL Choose... 2

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