fx A B D EF H J K L M 1 Chapter 2 Question 22 2 3 4 5 Input area: 6 7 8 9 Sales 10 11 12 13 14 2019 Income Statement 750,727 Cost of goods sold 430,821 Selling & Administrative 165,676 Depreciation 72,489 EBIT Interest 25,630 EBT Taxes 14,028 Net income 42,083 Dividends 14,200 Addition to retained earnings 15 16 17 18 19 Balance sheet as of Dec. 31. 2018 $ 17,691 Accounts payable 25,228 Notes payable 18,321 Current liabilities Cash Accounts receivable Inventory Current assets 20 21 22 23 24 25 26 27 12,721 19,149 $ Net fixed assets Total assets 457,454 518.964 Long-term debt Owners' equity Total liab. & equity $ 181,000 $ 305,824 518.964 28 29 30 31 32 Balance sheet as of Dec. 31. 2019 $ 19,003 Accounts payable 28,025 Notes payable 30,222 Current liabilities Cash Accounts receivable Inventory Current assets 13,962 21,872 $ Net fixed assets Total assets 539,679 616.929 Long-term debt Owners' equity Total liab. & equity $ 201,900 $ 379,195 616.929 33 34 35 36 37 38 39 40 41 42 Output area: Operating cash flow 43 44 $ 45 46 47 48 49 50 51 Capital Spending Ending net fixed assets - Beginning net fixed assets + Depreciation Net capital spending 539,679 457,454 72,489 154,714 $ 52 53 54 55 56 57 Change in Net Working Capital Ending NWC -Beginning NWC Change in NWC 58 59 60 61 62 63 64 Cash Flow from Assets Operating cash flow - Net capital spending -Change in NWC Cash flow from assets 65 66 67 68 69 70 71 72 Cash Flow to Creditors Interest paid -Net New Borrowing Cash flow to Creditors 73 74 75 76 77 $ Cash Flow to Stockholders Dividends paid -Net new equity raised Cash flow to Stockholders (14,200) 78 79 80 81 82 83