4. At the beginning of the year, a Ivory International had total assets of $51,400, fixed assets of $32,800, and current liabilities of $13,280. At the end of the year, the current assets are $14,800, the fixed assets are $34,100, and the current liabilities are $14,210. What is the change in net working capital for the year? A) $18,930 B) $6,950 C) $11,470 D) $4,730 E) $9,110 5. A firm with no debt has total sales of $22,980, costs of $14,715, and depreciation of $6,045. The combined federal and state tax rate is 23 percent. What is the operating cash flow? A) $1,465.20 B) $2,410.80 C) $8,340.00 D) $7,754,40 E) $9,019.80 6. Montecarlo Inc. has beginning net fixed assets of $234,100 and ending net fixed assets of $243,600. Assets valued at $42,500 were sold during the year. Depreciation was $62,500. What is the amount of net capital spending? A) $42,500 B) $9,500 C) $72,000 D) $53,000 E) $29,500 7. At the beginning of the year, long-term debt of a firm was $2,400 and total debt was $3,150. At the end of the year, long-term debt is $2,800 and total debt is $4,370. The interest paid was $40. What is the amount of the cash flow to creditors? A) $440 B) $40 C) $1,260 D) $1,180 E) $360