Christopher Cho, Inc. has sales of $187,000, costs of $103,000, depreciation expense of $19,000, and interest expense of $12,500. If the tax rate is 25 percent, what is the operating cash flow? How do financial cash flows and accounting statement of cash flows differ? Which one is more useful for analyzing a company?

Peter Kenyon Theaters 2017 balance sheet showed net fixed assets of $56.80 million, and the 2018 balance sheet showed net fixed assets of $67.60 million. The companys 2018 income statement showed a depreciation expense of $5,800,000. What was net capital spending for 2018? Discuss the difference between book values and market values on the balance sheet and explain which is more important to the financial manager and why.