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Given the financial statement, calculate the Cash flow identity. Report the results for year 2013 as follows: Operating Cash Flow = ?? Net Capital Spending

Given the financial statement, calculate the Cash flow identity.

Report the results for year 2013 as follows:

Operating Cash Flow = ??

Net Capital Spending = ??

Change in NOWC = ??

Cash Flow from Asset = ??

Cash Flow to Creditors = ??

Cash Flow to Shareholders = ??

1 Income statement (in $ Thousands) 2012 2013
2
3 Net sales 500.00 600.00
4 Less: cogs 300.00 360.00
5 Gross profit 200.00 240.00
6 Less: operating exp 75.00 80.00
7 Less: Depr 25.00 30.00
8 EBIT 100.00 130.00
9 Less: Interest 33.50 38.50
10 Income before tax 66.50 91.50
11 Less: Income taxes 20.00 30.00
12 Net income 46.50 61.50
13
14 Cash dividend 17.00 20.00
15 Addition to retained earnings 29.50 41.50
16
17
18 Balance sheet (in $ Thousands) 2012 2013
19
20 Cash 39.00 16.00
21 Account receivable 50.00 80.00
22 Inventories 151.00 204.00
23 Current asset 240.00 300.00
24 Gross fixed asset 200.00 290.00
25 less: accumuled depr 95.00 125.00
26 Net fixed asset 105.00 165.00
27 Total assets 345.00 465.00
28
29 Account payable 30.00 45.00
30 Accrued liabilities 10.00 23.00
31 Short-term notes 20.00 27.00
32 Total current liabilities 60.00 95.00
33 Long-term debt 15.00 20.00
34 Total liabilities 75.00 115.00
35 Common stock 85.00 123.50
36 Retained earnings 185.00 226.50
37 Owners' equity 270.00 350.00
38 Total liabilities and equity 345.00 465.00

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