Question
Jon Metal had the following operating results for 2022: sales = $350,000; cost of goods sold = $235,000; depreciation expense = $38,500; interest expense =$5,650;
Jon Metal had the following operating results for 2022: sales = $350,000; cost of goods sold = $235,000; depreciation expense = $38,500; interest expense =$5,650; taxes=$14,170; dividends paid = $29,800. At the beginning of the year, net fixed assets were $121,859, current assets were $30,913, and current liabilities were $23,421. At the end of the year, net fixed assets were $125,286, current assets were $40,819, and current liabilities were $30,279.
Calculate the Operating Cash Flow, Change in Net Working Capital and Net Capital Spending. (6 marks)
Operating Cash Flow = $
Change in Net Working Capital = $
Capital and Net Capital Spending = $
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