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Knickerdoodles, Inc. 2004 2005 Sales $ 740 $ 785 COGS 430 460 Interest 33 35 Dividends 16 17 Depreciation 250 210 Cash 70 75 Accounts

Knickerdoodles, Inc.

2004 2005

Sales $ 740 $ 785

COGS 430 460

Interest 33 35

Dividends 16 17

Depreciation 250 210

Cash 70 75

Accounts receivables 563 502

Current liabilities 390 405

Inventory 662 640

Long-term debt 340 410

Net fixed assets 1,680 1,413

Common stock 700 235

Tax rate 35% 35%

What is the operating cash flow (NOPAT + depreciation) for 2005?

$143

$285

$325

$353

$365

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