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Calculate the cash flows in the statement of cash flows below: Calculate the Cash Flows in the Statement of Cash Flows below from the provided

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Calculate the cash flows in the statement of cash flows below:

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Calculate the Cash Flows in the Statement of Cash Flows below from the provided Balance sheet and Income Statement BALANCE SHEET (in millions of dollars) 2015 2014 INCOME STATEMENT (in millions of dollars) 2015 2014 Assets Net sales $ 3,000.0 $ 2,850.0 Cash and equivalents S 10 $ Operating costs except depreciation and amortization 2,616.2 2,497.0 Accounts receivable 375 315 Depreciation and amortization 100.0 90.0 Inventories 615 415 Earnings before interest and taxes (EBIT) $ 283.8 $ 263.0 Total current assets 1,000 $ 810 Less interest 88.0 60.0 Net plant and equipment 1,000 870 Earnings before taxes (EBT) 195.8 $ 203.0 Total assets 2,000 $ 1,680 Taxes 78.3 81.2 $ 117.5 $ 121.8 Liabilities and Equity Net income Common dividends $ 57.5 $ 53.0 Accounts payable 60 30 Addition to retained earnings $ 60.0 $ 68.8 Accruals 140 130 Notes payable 110 60 Tax rate 40% 40% Total current liabilities $ 310 $ 220 Long-term bonds 750 580 Total liabilities $ 1,060 800 Common stock (50,000,000 shares) 130 130 Retained earning 810 750 Total common equity $ 940 $ 880 Total liabilities and equity 2,000 $ 1,680 STATEMENT OF CASH FLOWS Operating Activities Net income Depreciation and amortization Change in inventories Change in accounts receivable Change in accounts payable Change in accrued wages and taxes Net cash provided by (used in) operating activities I. Long-Term Investing Activities Additions to property, plant, and equipment Net cash used in investing activities Ill. Financing Activities Change in notes payable Change in bonds outstanding Payment of dividends to stockholders Net cash provided by financing activities IV. Summary Net Change in cash and equivalents Cash and equivalents at beginning of the year Cash and equivalents at end of the year

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