QUESTION 19 Cold Weather Sports, Inc. (CWS) Cold Weather Sports, Inc. (CWS) just completed its 2012 fiscal year. During the year, CWS had sales of $10.000 and total expenses (no interest expenses were incurreds of 56.000. Assume that cws pays 30% of its EBIT in taxes and that depreciation expense of $1.200 is included in the total expense number listed above. A list of some balance sheet items for CWS for end of fiscal year 2011 and 2012 is as below. 2011 Current Assets Net Long-Term Assets $1.000 Accounts Payable 5.000 Accrued Expenses 500 Short-Term Debt 500 2.000 Long-Term Debt 3,000 2012 Current Assets 51.200 Net Long-Term Assets 5.600 Accounts Payable 800 Accrued Expenses 600 Short-Term Debt 2.100 Long-Term Debt 3.200 No fixed assets were disposed of during the year. What is Cold Weather Sports operating cash flow for 2012? 52.400 $2.800 $4.000 none of the above