LG 2 P4-6 Finding operating and free cash flows Consider the following summary of Summet Breeze Corporation's financial statements. Summer Breeze Corporation Balance Sheets Assets Cash Marketable securities Accounts receivable Inventories Total current assets Gross fixed assets Less: Accumulated depreciation Net fixed assets December 31 2015 2014 $ 2,000 $ 1,500 2,400 1,800 2,200 2,000 3,000 2,900 $ 9,600 $30,900 $29,500 16,300 14,700 $14,600 $14,800 $24,200 $23,000 $ 8,200 Total assets Liabilities and stockholders' equity Accounts payable Notes payable Accruals Total current liabilities Long-term debt Total liabilities Common stock $ 1,700 3,400 100 $ 5,200 5,000 $ 10,200 $10,000 4,000 $14,000 $ 1,600 2,800 200 $ 4,600 5,000 $ 9,600 $10,000 3,400 $13,400 $23,000 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $24,200