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27 335 Windswept, Inc. Current Income Statement ($ in millions) Net sales $ 9,800 Less: Cost of goods sold 7,600 Less: Depreciation Earnings before interest

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27 335 Windswept, Inc. Current Income Statement ($ in millions) Net sales $ 9,800 Less: Cost of goods sold 7,600 Less: Depreciation Earnings before interest and taxes $ 1,865 Less: Interest paid Taxable income $ 1,766 Less: Taxes 530 Net income $ 1,236 Dividends $ 986 99 8 01:06:14 This Cash Windswept, Inc. Balance Sheets ($ in millions) Last This Last Year Year Year Year $300 $315 Accounts payable $ 1,760 $1,575 Accounts rec. 970 870 Long-term debt 1,000 1,460 Inventory 1,740 1700 Common stock $ 3,220 $ 3,070 Total C.A. $ 3,010 $ 2,885 Retained earnings $ 3,019 2.80 520 Net fixed assets 3,490 3.990 Total assets $ 6,500 $ 6,875 Total liab. & equity $ 6,500 $ 6,875 770 Note that OCF is $1,670 and Net Capital Spending is 835. What is the Cash Flow from Assets

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