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Balance Sheet (In millions) 2019 2020 2019 $ 1,501.00 $ 1,307.00 Current liabilities S 2020 702.00 $ 741.00 Current assets Net fixed assets $ 4,970.00

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Balance Sheet (In millions) 2019 2020 2019 $ 1,501.00 $ 1,307.00 Current liabilities S 2020 702.00 $ 741.00 Current assets Net fixed assets $ 4,970.00 $ 5,998.00 Long term debt $ 2,600.00 $ 2,705.00 Owners' Equity $ 3,169.00 $ 3,859.00 6,471.00 $ 7,305.00 Total Assets $ 6,471.00 $ 7,305.00 Total Liabilities & $ Owners' Equity 2020 Income Statement (In millions) Sales 15301 Costs 7135 Depreciation EBIT Interest 1363 6803 388 EBT or taxable income Tax Net income 6415 1347.15 5067.85 I. What is the firm's net capital spending for 2020? II. What is the firm's cash flow from assets for 2020? III. What is the firm's cash flow to stockholders for 2020? IV. What is the firm's operating cash flow for 2020? V. What is the firm's cash flow to creditors for 2020? VI. What is the firm's change in net working capital for 2020? VII. What is the book value per share at the end of 2020, assuming 100 million shares outstanding? VIII. What is the times interest earned (EBIT/Interest Expense) for 2020? IX. What are the tax savings for the firm for having $400 million in tax-deductible interest expense

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