1. What is the cash flow of the firm, or CF(A), for 2018?

   Comet Corporation
   2018 Income Statement
   Net sales	68,000.00
   Cost of goods sold	42,160.00
   Selling, general, and administrative expenses	3,400.00
   Depreciation	4,760.00
   Earnings before interest and taxes	17,680.00
   Interest	1,876.80
   Pretax income	15,803.20
   Taxes	3950.80
   Net income	11,852.40

   Comet Corporation
   2017 and 2018 Balance Sheets
   	2017		2018			2017		2018
   Cash	6,800		7,480		Accounts payable	11,424		12,566
   Accounts receivable	5,440		5,984		Accrued expenses	4,896		5,386
   Inventory	8,160		8,976		Current liabilities	16,320		17,952
   Current assets	20,400		22,440		Long-term debt	32,640		37,536
   Net fixed assets	61,200		71,400		Owners' equity	32,640		38,352
   Total assets	81,600		93,840		Total liabilities and equity	81,600		93,840

   		$3,216.70
   		$3,121.20
   		$3,048.80
   		$2,986.40
   		$2,813.50