to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign in front of first digit for negative numbers. Round to the nearest dollar. For example, if you obtain $200,436.75 then enter in the box: 200,437 1. What is the net new borrowing from creditors for 2016? A/ 2. What is the Cash Flow to Creditors (CFC) for 2016? A/ 3. What is the distributed earnings for 2016? A) 4. What is the Cash Flow to Owners (CFO) for 2016 A 5. What is the Cash Flow From Assets (CFFA) for 2016? (Estimated time allowance: 20 minutes) Use the financial statements of a company to answer the 4 questions that follow it. When answering the questions (filling in the blanks), DO NOT use dollar signs, USE commas to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign in front of first digit for negative numbers. Round to the nearest dollar. For example, if you obtain $200,436.75 then enter in the box: 200,437 Sales Revenues Cost of goods sold Fixed costs Selling, general, and administrative expenses Depreciation $400,000 252,000 60,000 29,000 8,000 $40,000 Net Income *** Tax rate Interest expense 20% $1,000 30,000 50,000 ASSETS Current Assets Cash Accounts receivable Inventories Total current assets Gross Fixed assets Accumulated depreciation Net Fixed assets Intangible assets Partial Balance Sheet 12/31/2015 LIABILITIES Current Liabilities 20,000 Notes payable 40,000 Accounts payable 50,000 Total current liabilities Long-term debt 350,000 Total Liabilities 50,000 OWNERS' EQUITY 300,000 Retained earnings (1) 0 Common stock Total owner's equity TOTAL LIABILITIES & OWNER'S EQUITY 150,000 230,000 30,000 150,000 180,000 TOTAL ASSETS 30,000 50.000 ASSETS Current Assets Cash Accounts receivable Inventories Total current assets Gross Fixed assets Accumulated depreciation Net Fixed Assets Intangible assets Partial Balance Sheet 12/31/2016 LIABILITIES Current Liabilities 25,000 Notes payable 35,000 Accounts payable 60.000 Total current liabilities Long-term debt 420,000 Total liabilities OWNERS' EQUITY 362,000 Retained earnings 0 Common stock Total owner's equity TOTAL LIABILITIES & OWNER'S EQUITY 200,000 280,000 62,000 140.000 202,000 TOTAL ASSETS DO NOT use dollar signs, USE commas to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign in front of first digit for negative numbers. Round to the nearest dollar. For example, if you obtain $200,436.75 then enter in the box: 200,437