# 9. Sales $1,450,000, cost of goods sold $1,050,000, depreciation $180,000, interest paid $85,000, dividends - $50,000, tax rate-35%. Consider the following balance sheet for beginning (beg) and end of the year. Current Assets Net Fixed Assets Beg End 427,000 452,000 Current Liabilities 541,000 $25,000 Long-Term Debt Shareholders' Equity Total Liabilities + Shareholders' Equity Financial Modeling Beg 413,000 496,000 59,000 End 405,000 513,000 59,000 Total Assets 968,000 977,000 968,000 977,000 1) What is EBIT? 2) What is taxable income? 3) How much are the taxes? 4) What is net income? 5) What is the addition to retained earnings? 6) What is operating cash flow (OCF)? 7) What is net capital spending? 8) What is change in net working capital? 9) What is cash flow from assets? 10) What is cash flow to creditors? 11) What is cash flow to stockholders?