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Exercise 5 Use the following information to answer the questions that follow: M & M Foods Sales COGS Interest Depreciation Cash Accounts receivables Current liabilities

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Exercise 5 Use the following information to answer the questions that follow: M & M Foods Sales COGS Interest Depreciation Cash Accounts receivables Current liabilities Inventory Long-term debt Net fixed assets Common stock Taxes 2010 2011 $5,831 $6,423 3,670 4,109 291 280 125 122 250 313 1,092 1,162 717 1,051 1,495 1,521 2,400 1,100 4,006 4,123 1,900 2,100 590 670 Required: a. What is the cash flow from assets for 2011? b. Based on your answer in part (a) above, evaluate the cash management

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