Using the following financial statements for question 1 to 6.

What is the operating cash flow for 2011?

OCF in 2011 = EBIT + DEPRECIATION - TAX

What is the amount of net capital spending for 2011?

Net capital spending = Fixed asset in 2011 – Fixed asset in 2010 + Depreciation in 2011

What is the net investment on working capital in 2011 (Change in net working capital)?

Change in NWC = NWC in 2011 – NWC in 2010

                           = (CA in 2011 – CL in 2011) - ( CA in 2010 - CL in 2010)

What is the cash flow from assets for 2011?

cash flow from assets = OCF - Net capital spending - Change in NWC

What is the cash flow to creditors in 2011?

cash flow to creditors = interest expense in 2011 – ( long term debt in 2011 – long term debt in 2010)

What is the cash flow to stockholders in 2011?

cash flow to stockholders = cash flow from asset – cash flows to creditors