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The income statement and balance sheet for FARR, Inc. are provided below. (Note that the reported figures in the statements are expressed in thousands of

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The income statement and balance sheet for FARR, Inc. are provided below. (Note that the reported figures in the statements are expressed in thousands of dollars.) 2019 FARR, INC. Balance Sheets as of December 31, 2018 and 2019 (in 00s) 2018 2019 2018 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 250 $ 350 Accounts payable $ 500 $ Accounts receivable 500 490 Notes payable 900 Inventory 750 960 900 700 Total $1,500 $1,800 Total $ 1,400 $ 1,600 $ 400 $ 200 Long-term debt Owners' equity Common stock Accumulated retained earnings $ 200 $ $ 500 $ 235 965 Fixed assets Net plant and equipment $ 1,000 $ 1,200 Total $ 700 $ 1,200 Total assets $2,500 $3,000 Total liabilities and owners' equity $2,500 $ 3,000 FARR, INC. 2019 Income Statement (in 000s) Sales Cost of goods Depreciation EBIT $ Interest paid 2,500 1,600 sold 50 850 65 $ 785 Taxable income Taxes 165 Net income $ 620 FARR, INC. 2019 Income Statement (in 000s) Sales $ Cost of goods sold Depreciation EBIT $ Interest paid 2,500 1,600 50 850 65 Taxable income Taxes $ 785 165 Net income $ 620 155 Dividends Retained earnings 465 Requirement 1: Determine the cash flow from assets (including the operating cash flow, net capital spending, and change in net working capital), cash flow to creditors, and cash flow to stockholders for FARR, Inc. for the year 2019. (Express your answers in thousands of dollars. Round your answer to the nearest whole dollar amount (e.g., 32). Negative amounts should be indicated by a minus sign.) Operating Cash Flow Net Capital Spending Change in NWC Cash Flow From Assets Cash Flow to Creditors Cash Flow to Stockholders Requirement 2: Calculate the internal growth rate and the sustainable growth rate for FARR, Inc. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places (e.g., 32.16).) AAAAAA Internal Growth Rate Sustainable Growth Rate 196 1% Requirement 3: Explain the difference in the assumptions underlying the internal and sustainable growth rates

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