1. Based on the following balance sheet and income statement, compute (a) the cash flow from assets and (b) cash flow to shareholders. In the box below, enter (a)+(b) as your answer. For example, if CF from assets = 100 and CF to shareholders = 50, then enter 150 as 100+50 = 150. Assume tax rate = 25%

XYZ Inc.
Income Statement
		2020
Sales		$ 9,109
Depreciation		1,196
COGS		3,121
Selling & Administrative Expenses		604
Interest		673
Dividends		1,100
Balance Sheet
	2019	2020
Current Assets	19,428	21,478
Net fixed assets	35,155	36,117
Current Liabilities	5,461	5,190
Long-term debt	14,230	16,750