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Adal, Inc., reported the following financial statements for the last two years. 2019 Income Statement 750,727 Sales $ 430,821 Costs of goods sold 165,676 Selling

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Adal, Inc., reported the following financial statements for the last two years. 2019 Income Statement 750,727 Sales $ 430,821 Costs of goods sold 165,676 Selling & administrative Depreciation 74,289 EBIT Interest $ 79,941 26,530 EBT Taxes $ 53,411 11,216 Net income $ 42,195 Dividends Addition to retained earnings $ 14,200 $ 27,995 ADAL, INC. Balance Sheet as of December 31, 2018 Cash $ 17,691 Accounts payable Accounts receivable 25,228 Notes payable Inventory 18,321 Current liabilities $ 12,721 19,149 $ 31,870 181,000 Current assets $ 61,240 Long-term debt $ Net fixed assets $457,454 Owners' equity $305,824 518,694 Total assets Total liabilities $518,694 and owners' equity ADAL, INC. Balance Sheet as of December 31, 2019 Cash $ 19,003 Accounts payable Accounts receivable 28,025 Notes payable Inventory 30,222 Current liabilities Current assets $ 77,250 Long-term debt $ 13,962 21,872 $38,534 $ 201,900 $376,495 Net fixed assets $539,679 Owners' equity Total assets Total liabilities and $616,929 owners' equity $616,929 a. Calculate the operating cash flow. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. Calculate the change in net working capital. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) C. Calculate the net capital spending. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) d. Calculate the cash flow from assets. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) e. Calculate the cash flow to creditors. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) f. Calculate the cash flow to stockholders. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a. Operating cash flow b. Change in net working capital C. Net capital spending d. Cash flow from assets e. Cash flow to creditors f. Cash flow to stockholders

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