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Testl, Ltd. Balance Sheets 2020 Assets Current Assets Cash AcctRec Inven. Total 250 350 850 1,450 2021 2020 2021 Liabilities and Owner's Equity Current Liabilities

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Testl, Ltd. Balance Sheets 2020 Assets Current Assets Cash AcctRec Inven. Total 250 350 850 1,450 2021 2020 2021 Liabilities and Owner's Equity Current Liabilities 300 Accounts Payable 700 650 400 Notes Payable 650 350 900 Total 1,350 1,000 1,600 Long Term Debt 1,150 1,250 Fixed Assets Net Plant and equipment 5,850 1,000 950 Owner's Equity 6,000 Common Stock and paid in surplus Retained Earnings Equity 3,800 4.800 4,400 5,350 Total Assets 7.300 7.600 Total L + OE 7,300 7,600 Test 1. Ltd. Income Statement 2021 Sales Costs Depreciation 5,000 2,900 600 Asses Test1, Ltd. Income Statement 2021 Sales Costs Depreciation EBIT Interest Paid Taxable Income Taxes Net Income 5,000 2.900 600 1,500 300 1,200 400 800 200 Dividends Addition to Retained Earn. 600 9a. What was the firm's cash flow to creditors in 2021? 9b. What was the firm's cash flow to stockholders in 2021? Question 10 10 pts 10a. How can you use your answers to questions 9a and 9b to find cash flow from assets? 10b. How does this number compare to your answer to question 8

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