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Lots to Gain Corporation Income Statement for 2018 Sales Cost of Goods Sold Depreciation Other operating expenses Earnings before Interest and Taxes Interest Paid Earnings

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Lots to Gain Corporation Income Statement for 2018 Sales Cost of Goods Sold Depreciation Other operating expenses Earnings before Interest and Taxes Interest Paid Earnings before Taxes Taxes Net Income $65,000 52,000 500 3.000 9,500 80 9,420 1,978 $7442 Dividends Paid Addition to Retained Earnings $500 $6,942 Cash Accounts Receivable Inventory Fixed Assets Balance Sheet for 2018 and 2017 2018 2017 360 170 Accounts Payable 1,500 600 Notes Payable 800 500 Long Term Debt 6,802 500 Common Stock Pald-in-surplus Retained Earnings 9462 1.720 Total Liab. Equity 2018 450 600 800 SO 150 $7,412 9.462 2017 135 465 600 50 50 470 1,770 Total Assets 1. Current share price for Lots to gain corporation is $14.96 and the share outstanding is 100000. Based on the information answer the following questions, 1. What is the operating cash flow (OCF) of the firm? 2. What is the change in net working capital of the firm? 3. Calculate the net capital spending, I 4. Calculate the Cash Flow From Assets (CFFA)

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