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I need help with the two wrong answers. Freeman, Inc., reported the following financial statements for the last two years. $ FREEMAN, INC. 2017 Income
I need help with the two wrong answers.
Freeman, Inc., reported the following financial statements for the last two years. $ FREEMAN, INC. 2017 Income Statement Sales Cost of goods sold Selling & administrative Depreciation EBIT Interest EBT Taxes Net income Dividends Addition to retained earnings 565,260 273,995 124,727 54,570 111,968 19,302 92,666 48,186 44,480 10,200 34,280 $ $ $ $ 24,000 Cash Accounts receivable Inventory Current assets Net fixed assets Total assets FREEMAN, INC. Balance Sheet as of December 31, 2016 13,380 Accounts payable 18,988 13,800 46,168 Long-term debt 344,432 Owners' equity 390,600 Total liabilities and owners' equity $ 136,200 230,400 390,600 $ $ $ $ 26,990 Cash Accounts receivable Inventory Current assets Net fixed assets Total assets FREEMAN, INC. Balance Sheet as of December 31, 2017 14,366 Accounts payable 21,093 22,760 58,219 Long-term debt 406,305 Owners' equity 464,524 Total liabilities and owners' equity $ 152,600 284,934 464,524 $ $ Requirement 1: Calculate the operating cash flow. (Do not round intermediate calculations.) Operating cash flow $ 118352 Requirement 2: Calculate the change in net working capital. (Do not round intermediate calculations.) Change in net working capital $ 9061 Requirement 3: Calculate the net capital spending. (Do not round intermediate calculations.) Net capital spending $ 116443 Requirement 4: Calculate the cash flow from assets. (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) Cash flow from assets $ 7152 Requirement 5: Calculate the cash flow to creditors. (Do not round intermediate calculations.) Cash flow to creditors 2902 Requirement 6: Calculate the cash flow to stockholders. (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) Cash flow to stockholdersStep by Step Solution
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