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Pacific Ocean is a company that manufactures and sells seafood product. Adrian Lee, the companys account executive has gathered the following information and prepared the

Pacific Ocean is a company that manufactures and sells seafood product. Adrian Lee, the companys account executive has gathered the following information and prepared the Balance Sheet for year 2019 and 2020:

Balance Sheet for year 2019 and 2020

2019

2020

Cash

$3792

$4041

Accounts Receivable

5021

5892

Inventories

8927

9555

Total Current Assets

17740

19488

Net Fixed Assets

31805

33921

Total Assets

49545

53409

Accounts Payable

3984

4025

Notes Payable

732

717

Total Current Liabilities

4716

4742

Long Term Debt

12700

15435

Total Liabilities

17416

20177

Owners equity

32129

33232

Total Liabilities and Equity

49545

53409

Other information:

2019

2020

Sales

$7233

$8085

Depreciation

1038

1085

Cost of goods sold

2487

2942

Other expenses

591

515

Interest

485

579

Dividends

882

1011

Notes: Assume the tax rate for this company is at 25%.

Pacific Ocean Income Statement for year 2020

Sales

$8085

Cost of goods sold

$2942

Expenses

$515

Depreciation

$1085

Earnings before interest and taxes

$3543

Interest expense

$579

Taxable income

$2964

Taxes

$741

Net Income

$2223

QUESTION

According to the info given above, calculate the cash flow from assets for year 2020.

a) Operating Cash Flow

b) Net Capital Spending

c) Net Working Capital 2019

d) Net Working Capital 2020

e) Changes in Net Working Capital

f) Cash Flow from Assets

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