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3. (30 points) Computational Lululemon shows the following information on its 2015 income statement: sales-$120,000; costs $60,000; other expenses $4,000; depreciation expense-$10,000; interest expense-$8,000;

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3. (30 points) Computational Lululemon shows the following information on its 2015 income statement: sales-$120,000; costs $60,000; other expenses $4,000; depreciation expense-$10,000; interest expense-$8,000; taxes $12,000; and dividends $4,000. In addition, the firm issued $1,000 in new equity and retired $5,000 = in long-term debt in 2015. a. (10 points) What is the 2015 operating cash flow? DCF = BIT + depreciation - tasses $120,000 +$10,000 +5 - $12,0001 #118,000 5 b. (10 points) What 2015 CFCR = catered paid - net new borrowing = $7,000 c. (10 points) 000 - 1,000 What is the 2015 cash flow to stockholders? CFSH-Divedens 9,000 0 " paid - net new equity raised] 1,000 -

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