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You are researching Time Manufacturing and have found the following accounting statement of cash flows for the most recent year. You also know that the

You are researching Time Manufacturing and have found the following accounting statement of cash flows for the most recent year. You also know that the company paid $99.5 million in current taxes and had an interest expense of $49.5 million.

TIME MANUFACTURING Statement of Cash Flows ($ in millions)
Operations
Net income $ 188
Depreciation 95.5
Deferred taxes 20.5
Changes in assets and liabilities
Accounts receivable 19.5
Inventories 23.5
Accounts payable 18.5
Accrued expenses 10.5
Other 4.5
Total cash flow from operations $ 320.5
Investing activities
Acquisition of fixed assets $ 200
Sale of fixed assets 24.5
Total cash flow from investing activities $ 175.5
Financing activities
Retirement of long-term debt $ 177
Proceeds from long-term debt sales 131
Change in notes payable 7.5
Dividends 101
Repurchase of stock 28
Proceeds from new stock issue 59
Total cash flow from financing activities $ 108.5
Change in cash (on balance sheet) $ 36.5

1.

Calculate the operating cash flow. (Do not round intermediate calculations. Enter your answers in millions, for e.g., 10.2 million would be entered as 10.2. Negative amounts should be indicated by a minus sign.)

Operating cash flow $

2.

Calculate the capital spending. (Do not round intermediate calculations. Enter your answers in millions, for e.g., 10.2 million would be entered as 10.2. Negative amounts should be indicated by a minus sign.)

Capital spending $

3.

Calculate the net working capital cash flow. (Do not round intermediate calculations. Enter your answers in millions, for e.g., 10.2 million would be entered as 10.2. Negative amounts should be indicated by a minus sign.)

Net working capital cash flow $

4.

Calculate the cash flow to creditors. (Do not round intermediate calculations. Enter your answers in millions, for e.g., 10.2 million would be entered as 10.2. Negative amounts should be indicated by a minus sign.)

Cash flow to creditors $

5.

Calculate the cash flow to stockholders. (Do not round intermediate calculations. Enter your answers in millions, for e.g., 10.2 million would be entered as 10.2. Negative amounts should be indicated by a minus sign.)

Cash flow to stockholders $

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