Westmoreland Company Following are selected data from Westmoreland Company's financial statements. 2018 2017 Current liabilities $230,000 $160,000 Long-term debt 120,000 320,000 Stockholders' equity 420,000 540,000 Cash payments for additions to plant and equipment 45,000 32,000 Net cash flow from operating activities 80,000 51,000 Interest and principal payments 12,000 8,000 Net operating cash flows before interest and taxes 68,000 43,000 Net income 90,000 72,000 Interest expense 8,500 11,500 Income taxes 16,000 14,500 Dividends paid 15,000 30,000 Refer to the Westmoreland Company data. The cash flow from operations to capital expenditures ratio for 2018 is an indicator that Westmoreland Company Oa. has increased profits by $13,000. Ob. has net income that is more than it would have been had dividends of $30,000 been paid. Oc. has decreased cash, but is offset by the increase inet income. Od. has been effectively able to use operations to finance its acquisitions of productive assets