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Freeman, Inc., reported the following financial statements for the last two years. 2014 Income Statement Sales $ 565,210 Cost of goods sold 274,020 Selling &

Freeman, Inc., reported the following financial statements for the last two years.

2014 Income Statement
Sales $ 565,210
Cost of goods sold 274,020
Selling & administrative 124,732
Depreciation 54,575
EBIT $ 111,883
Interest 19,297
EBT $ 92,586
Taxes 48,145
Net income $ 44,441
Dividends $ 9,700
Addition to retained earnings $ 34,741

FREEMAN, INC. Balance Sheet as of December 31, 2013
Cash $ 13,330 Accounts payable $ 24,010
Accounts receivable 18,993
Inventory 13,795
Current assets $ 46,118 Long-term debt $ 136,700
Net fixed assets $ 344,427 Owners' equity $ 229,835
Total assets $ 390,545 Total liabilities and Owners' equity $ 390,545

FREEMAN, INC. Balance Sheet as of December 31, 2014
Cash $ 14,316 Accounts payable $ 26,980
Accounts receivable 21,098
Inventory 22,755
Current assets $ 58,169 Long-term debt $ 152,100
Net fixed assets $ 406,310 Owners' equity $ 285,399
Total assets $ 464,479 Total liabilities and Owners' equity $ 464,479

Requirement 1:

Calculate the operating cash flow. (Do not round intermediate calculations.)

Operating cash flow $

Requirement 2:

Calculate the change in net working capital. (Do not round intermediate calculations.)

Change in net working capital $

Requirement 3:

Calculate the net capital spending. (Do not round intermediate calculations.)

Net capital spending $

Requirement 4:

Calculate the cash flow from assets. (Do not round intermediate calculations.Negative amount should be indicated by a minus sign.)

Cash flow from assets $

Requirement 5:

Calculate the cash flow to creditors. (Do not round intermediate calculations.)

Cash flow to creditors $

Requirement 6:

Calculate the cash flow to stockholders. (Do not round intermediate calculations. Negative amount should be indicated by a minus sign.)

Cash flow to stockholders $

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