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5. (14 points) Below is information from the statement of cash flow and income statement for Garland Products, Inc. for 2012 and 2011. Marketable securities

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5. (14 points) Below is information from the statement of cash flow and income statement for Garland Products, Inc. for 2012 and 2011. Marketable securities represent investments of excess cash that Garland Products does not need for operations. Garland Products' tax rate is 35%. Cash Flow Statement (in thousands) 12/30/2012 12/30/2011 Cash from operations Net cash provided by operations 106,484113,880 Cash from investments (Increase) decrease in property & plant Acquisition (disposition) of subsidiaries or other business Increase (decrease) in marketable securities 31,53647960 -19 -18,825 380,737 -702 Net cash provided by (used in) investing 51,063 332,758 Cash from financing Issuances (purchases) of equity shares Issuances (repayment) of debt Increase (decrease) in bank, or other borrowings Dividends, other distributions 370 434,570 -25,000 25,000 29,37737.202 Net cash provided by (used in) financing 54,747 446,772 Net change cash & cash equivalents Cash and cash equivalents at start of year Cash and cash equivalents at year end 674 3,255 3,929 -134 3,389 3,255 Interest Revenue Interest Paid 50 394 35 1400 a. (7 points) Using the abore information calculate the amount of free cash flows to all debt and equity capital stakeholders for Garland Products for year 2012 b (7 points) Using the above information calculate the amount of free cash flows for common equity shareholders for Garland Products for year 2012

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