Use the following information for this and the next three questions. SMJ Inc. had the following information on last years financial statements. Sales $ 178,000 Costs 82,500 Other expenses 7,500 Depreciation expense 14,700 Interest expense 8,400 Taxes 21,400 Dividends 12,460 2002 New equity $ 5,400 Net new long-term debt (2,400) Increase in net fixed assets 17,800

1. What was the operating cash flow for SMJ? A. 10,800 B. 16,240 C. 7,060 D. 32,500 E. 17,860 F. 66,600 0.86 points

2. What was the cash flow to creditors for SMJ? A. 32,500 B. 10,800 C. 16,240 D. 66,600 E. 7,060 F. 17,860 0.86 points

3. What was the cash flow to stockholders of SMJ? A. 17,860 B. 66,600 C. 32,500 D. 10,800 E. 16,240 F. 7,060 0.86 points

4. What was the change in net working capital for SMJ? A. 17,420 B. 10,800 C. 32,500 D. 16,240 E. 6,600 F. 7,060