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Q18: What was the 2014 CAPEX to depreciation ratio for Beachboyz.com? As of December 31 2014 CASH FLOWS FROM OPERATIONS Depreciation CASH FLOWS FROM INVESTING

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Q18: What was the 2014 CAPEX to depreciation ratio for Beachboyz.com? As of December 31 2014 CASH FLOWS FROM OPERATIONS Depreciation CASH FLOWS FROM INVESTING Capital expenditures (200) (100) 2013 $100 $50 CONSOLIDATED STATEMENTS OF EARNINGS 2014 2013 Net Sales $1,000 $500

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