Jones and Smith Co. Balance Sheet Beg End Beg End Cash 170 190 Accounts payable 100 150 Accounts Receivable 195 235 Notes payable 200 200 Inventory 285 305 Current Liabilities 300 350 Current Assets 650 730 Long-term debt 400 380 Net Fixed Assets 1100 1080 Total Liabilities 700 730 Common stock 50 65 Retained earnings 1000 1015 Total Equity 1050 1080 Total Assets 1750 1810 Total Liab. & Equity 1750 1810 Income Statement Sales Costs 2480 1620 Depreciation 125 Earnings before interest and taxes Interest 735 115 Taxable Income 620 195 425 Taxes Net Income Compute the value of the following: (7 PTS) a. OCF b. Addition to NWC C. Net capital spending (NCS) Continue to use the information from problem #16 above. Compute the following values: (61 7. a. b. CFA CFC C. CFS